日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

McDonald's licensed for expansion

Updated: 2011-09-26 10:11

By Li Woke (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

McDonald's licensed for expansion

A McDonald's logo stands behind a huge metallic thumb sculpture in Shanghai. The American fast food chain company is conducting a new franchising strategy for its future development in the Chinese market. [Photo/China Daily]

 

Fast food chain identifies Yunnan as target for more of its restaurants

BEIJING - McDonald's Corporation China has announced that it issued its first developmental license in August to a mainland business in a move to further expand its presence in the country.

The license was granted to Ren Jianmei, vice-president of the Kunming North Star Group that runs restaurants, hotels and retail businesses. It is aimed at increasing the number of the fast food outlets in Southwest China's Yunnan province.

"I look forward to helping expand the presence of McDonald's in Yunnan while upholding the McDonald's principles of quality, service, cleanliness and value. We will definitely contribute to this win-win partnership with extensive local resources and knowledge in Yunnan," said Ren.

The developmental license model is a form of franchising that McDonald's, one of the world's leading fast food providers, has been using for more than 30 years around the world to grow the brand. Unlike conventional McDonald's licensees, developmental licensees own or secure all assets, including property and buildings, and have the right to open new restaurants across a province or other geographical area.

McDonald's collects a royalty based on a percentage of restaurant sales. The traditional franchise method requires the franchiser to rent an outlet and sublet it to franchisees.

"McDonald's China will leverage the developmental license model to grow our brand and create opportunities for local entrepreneurs," said McDonald's China chief executive officer Kenneth Chan.

"As one of the top franchisers in the world, we believe in the value of local ownership and, as this market expands through the opening of new restaurants, it will create jobs and other economic benefits for the Yunnan province."

After entering China in 1990, McDonald's has more than 1,300 stores in 26 provinces, regions and municipalities on the Chinese mainland. It aims to expand its China network to more than 2,000 outlets by 2013.

The fast food chain currently has 11 stores in Yunnan province. A developmental licensee operation commits the license holder to open a minimum of 20 new stores during the first five years of ownership. They will open mostly in Kunming, the capital city of Yunnan, and other tourist spots, according to Ren.

Franchise operations are widely considered to be an efficient way to open more chains. About 80 percent of McDonald's global outlets are operated by franchisees. They require less capital than self-operated stores.

McDonald's relies heavily on franchises in more mature markets such as the United States, but has almost exclusively opened self-operated stores in China since entering the market two decades ago.

"The regional franchise program run by McDonald's in China was launched as a strategy against its biggest rival, KFC Corporation, because franchising can be a very effective way to grow in China," said Gao Jianfeng, an analyst at Bogo Consultants.

KFC, which belongs to Yum! Brands, claims on its website to be the No 1 quick-service restaurant brand and the largest and fastest-growing restaurant chain on the Chinese mainland, with more than 3,200 restaurants across the country. It entered the market in 1987.

Unlike McDonald's, KFC offers a range of Chinese-style fast foods, such as porridge and soup, to adapt to the tastes of local consumers. In 2007, McDonald's started launching its franchise business in Shenyang, in Northeast China's Liaoning province, Wuxi, in East China's Jiangsu province, and Yiwu, in East China's Zhejiang province, saying the company was "confident about the market's future".

Individuals, who have to put forward at least 2 million yuan ($313,000) to cover the purchase of equipment, a joining fee and other expenses, may apply to open a McDonald's franchise after specific training. According to Euromonitor International, sales at all of China's fast food chains rose 12 percent last year to 60 billion yuan. Yum! led the market with a 40 percent share, compared with 16 percent for McDonald's, the London based researcher said.

McDonald's licensed for expansion

主站蜘蛛池模板: 欧美亚视频 | 天堂久久精品 | 国产综合网站 | 中国特级黄色片 | 偷拍久久久 | 日韩在线视频二区 | 免费精品在线 | 亚洲国产精品久久久久久6q | 91精品久久久久久 | 国产精品第四页 | 在线不卡av| 亚洲色图25p | 这里只有精品视频在线观看 | 日韩在线观看视频一区二区 | 成人99视频 | 日韩视频在线观看一区 | 欧美日韩一区二区三区不卡 | 黄色在线观看 | 亚洲激情网站 | 中国特级毛片 | 战狼4高清国语免费播放在线观看 | 一区二区高清 | 午夜影视av | 亚洲精品中文字幕在线观看 | 精品国产精品国产偷麻豆 | 日韩在线观看免费 | 欧美成人三区 | 日韩成人免费在线 | 日本黄色一级视频 | 国产区精品 | 欧美人与性动交g欧美精器 久久久午夜精品 | 久草日韩| 国产精品人成在线观看免费 | 九九九国产视频 | 国产专区在线 | 五月婷在线视频 | 极品少妇xxxx精品少妇偷拍 | 国产精品第六页 | 天天干免费视频 | 欧美成人精品在线 | 91免费视频播放 |