Tuesday, 27 October 2009

McDonald's quits Iceland

GOOD news from Iceland - McDonald's is to close its business there because the country's financial crisis has made it too expensive to operate its franchise.

The US-based fast food giant said its three outlets in the country would shut - and that it had no plans to return, reported the BBC on October 27.

Besides the economy, McDonald's blamed the "unique operational complexity" of doing business in an isolated nation with a population of just 300,000.

Iceland's first McDonald's restaurant opened in 1993.

Who knows - maybe Britain will be next.

Have a nice day.

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