June 25, 2015: According toÂ McDonald’s it is about to sellÂ its 413 stores in Taiwan to a franchise operator. They are selling itÂ as part of a plan to turn around the retailer.
McDonald’s is searching suitable candidates to become its owner.Â McDonald’s which isÂ world’s largest fast-food chain is struggling toÂ hold on to customers due to competition.
According toÂ Chief executive Steve EasterbrookÂ would increase its number of franchised restaurants globally.Â McDonald’s restaurants in United Stated may decreaseÂ after announcing in April the closure of 350 restaurants globally.
Its Asian business has also decreased afterÂ food safety scares in China last year over tainted meat.