Key Restaurant Industry Updates: McDonald's Franchise Renewal, Nasdaq Warning, TGI Fridays Purchase
Stay up-to-date with the latest news in the restaurant industry. Learn about McDonald's largest franchisee renewal, Nasdaq's warning to Noodles & Company, and TGI Fridays' sale to Mera Global.
Photo by Erik Mclean on Unsplash
Photo by Erik Mclean on Unsplash
McDonald's Largest Franchisee Secures 20-Year Renewal
One of the significant headlines this week in the restaurant industry was the renewal of McDonald's largest franchisee, Arcos Dorados Holdings Inc.'s agreement. As the world's largest independent McDonald's franchisee, Arcos Dorados Holdings Inc., based in Latin America, signed a new 20-year Master Franchise Agreement with the fast-food giant. The new MFA came into effect on January 1, 2025, replacing the previous arrangement. A key feature of the renewed agreement is an additional renewal option at McDonald's discretion for the following 20 years from January 1, 2045.
