McDonald’s is an american fast food company.
McDonald’s Corporation is an American fast food corporation started in 1940 as a restaurant in San Bernardino, California, by Richard and Maurice McDonald. They renamed their business a hamburger stand and then transformed it into a franchise, with the Golden Arches emblem first appearing in 1953 at a site in Phoenix, Arizona. Ray Kroc, a businessman, joined the firm as a franchise agent in 1955 and went on to buy the chain from the McDonald brothers. McDonald’s original offices were in Oak Brook, Illinois, but the company relocated its worldwide headquarters to Chicago in early 2018.
McDonald’s is the world’s biggest restaurant company by sales, serving over 69 million customers daily over 37,855 units in over 100 countries as of 2018. McDonald’s is most known for their hamburgers, cheeseburgers, and french fries, but they also sell chicken, breakfast dishes, soft drinks, milkshakes, wraps, and desserts. In reaction to shifting customer preferences and a negative backlash over the unhealthy nature of its meals, the firm has introduced salads, salmon, smoothies, and fruit to its menu. The McDonald’s Corporation generates money via franchisee rent, royalties, and fees, as well as sales at company-operated restaurants. According to two 2018 assessments, McDonald’s is the world’s second-largest private employer, employing 1.7 million people (behind Walmart with 2.3 million employees).
- Operating Status: Active
- Business Type: Public
- Headquarters: Chicago, Illinois, United States
- Founded Date: May 15th, 1940
- Organization CEO: Chris Kempczinski
- Founders: Richard and Maurice McDonald