A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg
A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg

Citic to trim McDonald’s China stake as ‘Vision 2022’ targets come under pressure amid competition, costs

  • Citic puts a 22 per cent stake in its China and Hong Kong franchises up for bidding, potentially lowering its ownership to 10 per cent
  • Planned sale comes with data suggesting sales and profits are stalling amid competition, rising costs

Topic |   McDonald's
A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg
A man uses a mobile phone as pedestrians walk past a McDonald's Corp. restaurant in Shanghai, China n July 2018. Photo: Bloomberg
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