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Apr, 01 2016

McDonald's to focus on Asia biz, to open 1500 restaurants

McDonald's is overhauling its business under CEO Steve Easterbrook after acknowledging it failed to keep up with changing tastes. The total number of diners visiting its restaurants fell last year.

McDonald's, one of the largest QSR restaurants globally is planning to open 1,500 new restaurants in China, South Korea and Hong Kong to drive a global turnaround.

The quick service chain is also planning to give local managers and more decision-making power to respond to Asian customers, reported AP.

McDonald's is overhauling its business under CEO Steve Easterbrook after acknowledging it failed to keep up with changing tastes. The total number of diners visiting its restaurants fell last year.

Easterbrook said in a statement that Asia represents an opportunity to blend our global quality standards with local insights. He said the new outlets will allow the company to accelerate our growth'' and transform its business.

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