Brazil Franchisees Sue McDonald's
<b></b>
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
Entrepreneur Editors' Picks
-
James Dyson Created 5,127 Versions of a Product That Failed Before Finally Succeeding. His Tenacity Reveals a Secret of Entrepreneurship.
-
7 Meaningful Ways Your Business Can Honor Memorial Day
-
Breast Implants Left This Founder With Debilitating Symptoms, So She Launched an Intimate-Apparel Line That Goes Beyond Buzzwords
-
Kids in the Hall's Bruce McCulloch Says TikTok Is the New Punk Rock
-
'I Am Not a Diversity Quota,' Says the Founder Disrupting the Dessert Category
-
Memorial Day Is a Time for Remembrance, So What's With All the Mattress Sales?
-
Pharrell Williams, Contemporary Artist Nina Chanel Abney and Brand-Builder Shaun Neff Announce Launch of Game-Changing NFT Platform
