McDonald’s to Sell Chunk of Japan Business, Speed Closures
- Burger chain adds to cost-cutting measures to stay flexible
- After second-quarter lull, marketing is poised to accelerate
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McDonald’s Corp., like many of the customers it serves, is trimming its spending and saving more cash.
The fast-food company said Tuesday it will divest a significant stake in its Japan business and accelerate U.S. restaurant closures it had already planned for future years. McDonald’s aims to close around 200 U.S. stores this year, about half of them at Walmart Inc. locations.