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The Latest Breaking News from Chris Kempczinski

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

WEKU

McDonald's CFO is starting to sound like a CMO—here's why

Marketing is one of McDonald's "primary competitive edges," says Wedbush analyst Nick Setyan.

Fortune

Outrage over $16 McDonald's meals as viral video exposes 'exorbitant' prices

A TikTok user with the handle @xconmedia left his followers in disbelief when he denounced the high prices of a McDonald's restaurant where a Big Mac combo meal cost $16.89

Daily Mirror

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McDonald's menus around world could change as firm to sack thousands of workers

McDonald's Corporation will keep its US offices closed from Monday until Wednesday to announce what could be mass lay-offs 'with comfort and confidentiality' - while the CEO hints at menu changes across the globe

Daily Mirror

‘McDonald’s, I’m done’: Fast food chain’s new AI ordering system isn’t exactly going to plan according to bewildered TikTokers

McDonald's had believed it would get 85% accuracy from its AI ordering system but baffled TikTokers are showing where it's fallen short.

Fortune

Adult Happy Meals, McRib, feed McDonald’s sales in Q4

Sales soared in October after McDonald’s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market.

Chicago Sun-Times

McDonald’s Plans Reorganization, CEO Says Layoffs Are Coming: What Investors Need To Know

McDonald's Corp has announced that it will accelerate its restaurant expansion plan and review corporate staffing levels.

Zenger

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McDonald’s former security chief claims he was fired for publicly criticizing CEO's controversial text messages

Michael Peaster claims he was barred from using the company's private jet after he accused the CEO of victim-blaming following two fatal shootings in Chicago.

Fortune

Tyson Foods will move about 500 corporate employees in Chicago and suburbs to Arkansas headquarters

Meat processor Tyson Foods will move about 500 corporate employees based in its Chicago office and Downers Grove, Illinois, innovation center to its Springdale, Arkansas, world headquarters, the company said in a news release Wednesday.

Chicago Tribune

After McDonald’s CEO says Chicago needs to ‘face facts’ about problems, Mayor Lightfoot says he should ‘educate himself’ before speaking

CHICAGO — Mayor Lori Lightfoot fired back Wednesday at McDonald’s CEO Chris Kempczinski after he raised concerns about crime in Chicago, and she defended the city’s economic outlook.

Chicago Tribune

The Weekly Wrap for Saturday, 17 September 2022

Inflation lunged sideways, stocks dropped all over the shop, the European Union massaged its slapping hand, and Adobe suite went brrr.

inkl Originals

McDonald’s plans to expand Chicago HQ, but CEO says city needs to ‘face facts’ about downtown business climate

McDonald’s CEO Chris Kempczinski raised concerns about the effects of crime on doing business in Chicago, even as the company announced plans to bring more of its suburban employees downtown.

Chicago Tribune

‘What is the plan?’ McDonald’s CEO asks about city’s crime problem

The company is adding 100 jobs to its West Loop headquarters, but the city’s crime is making recruiting talent difficult, McDonald’s President and CEO Chris Kempczinski said Wednesday.

Chicago Sun-Times

McDonald's Executive Shake-Up: What's On The Cards

McDonald's Corp (NYSE:MCD) CEO Chris Kempczinski announced several executive changes. MCD has appointed Ian Borden, currently President, International, as its next Executive Vice President and Chief Financial Officer, effective September 1. The current CFO, Kevin Ozan, has been promoted to Senior Executive Vice President, Strategic Initiatives, effective August 31. He plans to…

Benzinga

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Chicago Sun-Times

McDonald’s to sell its Russian business, will try to keep workers

The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”

Daily Mirror

McDonald’s to pull out of Russia after 'profound consequences' of Ukraine war

The fast-food chain giant McDonald's is exiting Russia for good after 30 years, following Russia's brutal invasion of Ukraine and the "unpredictable operating environment" caused by the war

Wales Online

McDonald's to sell its 850 restaurants in Russia

The eateries employ 62,000 people

The Independent UK

McDonald's to sell its Russian business, try to keep workers

McDonald’s says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people

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news in one place.

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The Independent UK

McDonald's, Starbucks, Coke, Pepsi join exodus out of Russia

McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric all announced Tuesday they were suspending their business in Russia in response to the country’s invasion of Ukraine

Benzinga

McDonald's Shuts Down Russian Restaurants

McDonald’s Corp. (NYSE: MCD) has announced it is shutting down its Russian restaurants.

Axios

McDonald's closes all stores in Russia

"Our values mean we cannot ignore the needless human suffering unfolding in Ukraine," said CEO Chris Kempczinski.

The Independent UK

McDonald’s finally bows to pressure and shuts all 850 stores in Russia over ‘unspeakable suffering’ in Ukraine

Hashtag #BoycottMcDonalds was trending over the weekend as the company refused to take a stand against Russia

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