Arcos Dorados and McDonald's Renew Master Franchise Agreement for 20 Years [Yahoo! Finance]
McDonald's Corporation (MCD)
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Source: Yahoo! Finance
Dorados" or the "Company"), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee announced that, on December 30, 2024, it renewed its Master Franchise Agreement ("MFA") with McDonald's (NYSE: MCD). The parties have finalized a new, 20-year MFA, that became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald's discretion, for a new, 20-year MFA, beginning January 1, 2045. As previously announced, the new MFA includes a royalty fee of gross sales of 6.0% for the first ten years, 6.25% for the subsequent five years and 6.5% for the final five years. "I am very pleased to have reached an agreement to renew our long-standing and successful relationship with McDonald's. Arcos Dorados is, by far, the best restaurant operator in Latin America and the Caribbean. We are proud McDonald's franchisees and, guided by a clear purpose, we have generated strong, long-term shareholder va
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MCD
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- 10/29/24 - Beat
MCD
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- 1/3/25 - Form 4
- 1/3/25 - Form 4
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