Sao Paulo, Brazil--An economic slowdown and sliding currency are squeezing profits for McDonald's franchisees in Brazil, and many are complaining that their sales are being decimated by a slew of new stores opened under the company's aggressive global expansion plans. Some franchisees are suing McDonald's, alleging illegal rent manipulation and "cannibalization" of their sales by company-owned units. In light of lawsuits and unfair competition allegations made by its Brazilian franchisees, McDonald's could face an investigation by CADE, Brazil's antitrust watchdog. --Associated Press
Create an account and get your very own custom experince. You can build your profile, instantly start adding what you like to your Queue, highlight articles and share your custom experince on social.