Sunday, 22. December 2002
Topic: - on December 22, 2002 at 2:39:46 PM CET
McDonalds close to bankruptcy in Japan - closes 150 stores
McDonald's Holdings Co (Japan) Ltd said Friday it expects to fall into the red in the year ending Dec 31 due to a board decision made the same day to shut down 176 of its restaurants nationwide. McDonald's Holdings said it expects a group net loss of 2.33 billion yen, reversing the company's projection released on Dec. 6 of a 530 million yen profit.
... Comment
