McDonald's, Fazoli's Cook Up Joint Venture

<b></b>

Dec 27, 2002

Oak Brook, Illinois--McDonald's Corp. has agreed to form a joint venture with Fazoli's Systems Inc., a Lexington, Kentucky-based casual Italian chain, to develop 20 to 30 Fazoli's restaurants in three U.S. markets. The joint venture will take over management of the existing Fazoli's market in Denver and will introduce the brand in two new markets, which have not been announced.

Earlier, McDonald's said that the deal fits with its strategy to broaden the types of food it offers and the restaurants it operates, giving consumers a variety of dining experiences. In addition to its well-known burger franchises, McDonald's also owns and operates Boston Market and Donatos Pizzeria restaurants, and holds a majority interest in Chipotle, a Mexican fast-food concept. -Crain's Chicago Business

Editor's Pick

Determined to Support the Black Community, These Friends Brought 'Fresh Eyes' — and Innovation — to the Food Industry

The Complete Guide to Effectively Using AI Writing Tools in Content Marketing

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change

The Basics of Making Money in Franchising

Most Popular

See all

Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

By Emily Rella

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

By Entrepreneur Staff

Business News

Meet Amrapali Gan, the 37-Year-Old CEO of OnlyFans, Who's Focused on Getting the Platform Known for More Than Just Adult Content

Gan sees OnlyFans as a social media platform for everyone, not just sex workers.

By Marielle Descalsota

Leadership

Blake Lively Knows Being a Perfectionist Is 'Weaponized' Against Women, But She's Micromanaged Her Way to Millions, So She's Not Stopping Now

The "Gossip Girl" actress is done apologizing for being a control freak. After all, obsessing over every little detail is what's made her mixer brand Betty Buzz a raging success.

By Paul Kix