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Mcdonald History

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Submitted By sohaibkhan
Words 513
Pages 3
Key Points
Chairman:
Andrew J.Mekenna
President & CEO: Don Thompson
Products:
Fast food, hamburgers, chicken, French fries, desserts, soft drinks, coffee, milkshakes, salads, breakfast.
Revenue:
U.S $27.56 billion (2012)
Operating income: U.S $8.60 billion (2012)
Net Income: U.S $5.46 billion (2012)
Total asset: U.S $35.39 billion (2012)
Total equity: U.S $15.29 billion (2012)
Employee:
1800000 (2013)

 It serves 68 million customers daily in 119 countries McDonald’s
Type:
Public restaurant
Founded:
May 15, 1940 in San Bemardina and California April 15, 1995 McDonald’s corporation in Des Planines, Illinois
Founder:
 Richard & Maurice McDonald’s founder of McDonald’s Restaurant
 Ray Kroc McDonald Corporation founder
Head Quarter: Oak Broak Illinois
No. of location: 34000 worldwide
Area served: Worldwide
History
In 1937, Patrick McDonald’s open “The Airdrome”, a food stand, on Huntington Drive near the Monrovia airport California – Hamburgers was 10cents and all you drink orange juice was 5cents
In 1940, his two sons, Maurice and Richard moved the entire building 40 miles east, west 14th and 1398 North E Streets in Bernardino California. The restaurant was renamed as “McDonald’s Bar-B-Q” and served 25 items
In 1948, after the McDonald’s brother realized that most of profit came from selling hamburgers, then they closed down their food stand, drive-in to established a simple menu of hamburgers, French fries, soft drinks, apple pie and cheese burgers. The restaurant name changed again, this time to simply “McDonald’s” and re-opened its doors on December 12, 1948
In 1953, the McDonald's brothers began to franchise their successful starting in Phoenix, Arizona and Downey California.
In 1954, Ray Kroc a seller of multi-mixer milkshake machine learned that the McDonald's brothers were using eight of his machines in their San Bernardino restaurant.
He was joined by good friend Charles Levis who had suggested to Kroc several improvements to the McDonald’s burger recipe.
Kroc suggested that they franchise their restaurant throughout the country.
On April 15, 1955, Kroc incorporated his company as McDonald’s system, in (which he would later rename McDonald’s corporation)
McDonald’s grew slowly for its first three years. By 1958 there were 34 restaurants.
In 1959, however, Kroc opened 65 new restaurants bringing the total 102 location.
History in Pakistan
• McDonald’s first opened its door to the people of Pakistan in September 1998 in Lahore.
• In Karachi, opened its first restaurant a week after Lahore.
• Now 27 restaurants in 8 major cities of Pakistan o Karachi o Lahore , 10 restaurants of McDonald’s Corporation o Hyderabad o Islamabad o Faisalabad o Rawalpindi o Sialkot o Kala shah kaku

Head of McDonald’s in Pakistan Amin lakhani

McDonald’s Mission:
• Be the best employer for our people in each community around the world
• Deliver operational excellence to our restaurants.
• Achieve enduring profitable growth by expanding the brands and leveraging the strength of the McDonald’s system through innovation and technology.
McDonald’s Vision: McDonald’s vision is to be the world’s best quick service restaurant experience. Being the best means providing outstanding quality, services, cleanliness and value so that we make every customer in every smile.

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