McDonald’s plans more cost cuts, refranchising

McDonald’s plans more cost cuts, refranchising

Company to return more cash to shareholders, nixes a REIT

McDonald’s Corp. plans to increase planned general and administrative cost cuts to $500 million, take on more debt and return more cash to shareholders as the latest part of its turnaround plan, the company said Tuesday.

The Oak Brook, Ill.-based quick-service operator plans to refranchise a total of 4,000 restaurants by 2018, and is planning for a long-term goal to be 95-percent franchised, the

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