McDonald’s Archives - Page 2 of 6

McDonald’s sues major beef producers in US price-fixing lawsuit

By Mike Scarcella October 7, 2024

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more

Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)

Livestock, Markets, Reuters

McDonald’s reported laying off hundreds of corporate employees

Layoffs don't include restaurant-level workers

By GFM Network News April 4, 2023

New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more

Beef Cattle, Livestock, Markets, Reuters

McDonald’s reported set to exit Kazakhstan on Russia war spillover

By Reuters, GFM Network News January 4, 2023

Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian […] Read more

Hogs, Livestock, Reuters

Icahn drops proxy fights with Kroger’s, McDonald’s

By Reuters, GFM Network News June 6, 2022

Reuters — Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co. after losing a similar fight with McDonald’s Corp last month, the Wall Street Journal reported Sunday. “I congratulate the McDonald’s team on their victory in this proxy engagement and, after much contemplation, given the […] Read more

General, Markets, Reuters

Golden arches to go dark in Russia as McDonald’s exits after 30 years

Russia, Ukraine form nine per cent of chain's revenue

By GFM Network News May 17, 2022

Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more

Hogs, Livestock, Reuters

McDonald’s calls Icahn demands on sourcing pigs ‘unfeasible’

Investor cites company's 10-year-old pledge

By GFM Network News April 22, 2022

Boston | Reuters — McDonald’s Corp on Thursday said Carl Icahn’s call for the fast food chain to stop buying pork from suppliers that house the animals in crates would be logistically unfeasible and prohibitively expensive. The billionaire investor, who owns roughly US$50,000 worth of McDonald’s stock, is pushing the company to change how it […] Read more

The McDonald’s “P.L.T.” sandwich in 2019. (CNW Group/McDonald’s Canada)

Crops, Pulses, Reuters

McDonald’s, Beyond Meat seen planning big U.S. McPlant expansion

By GFM Network News December 15, 2021

New York | Reuters — McDonald’s Corp. is planning a major expansion of its plant-based burger with Beyond Meat Inc. in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the sandwiches […] Read more

The McDonald’s “P.L.T.” (CNW Group/McDonald’s Canada)

Crops, Pulses, Reuters

McDonald’s to make its own ‘McPlant’ items

Beyond Meat says co-created patty

By Reuters, GFM Network News November 9, 2020

Reuters — Burger chain McDonald’s on Monday decided to debut its own plant-based meat alternatives line called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create. “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in […] Read more

Crops, Peas, Pulses

Subway, McDonald’s expand Beyond Meat rollouts in Canada

By Glacier FarmMedia staff, GFM Network News January 13, 2020

Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding […] Read more

McDonald’s Canadian arm in August launched the “Classics Remastered” burger campaign, highlighting new kitchen processes for burgers such as its Big Mac, cheeseburger and Quarter Pounder (l-r). (CNW Group/McDonald’s Canada)

Beef Cattle, Livestock

McDonald’s reiterates beef support during Beyond Meat test-drive

By GFM Network News September 30, 2019

The world’s biggest burger chain has aimed to reassure Canadian beef producers that its trial run of a plant-based burger doesn’t mark a retreat from the company’s primary protein. McDonald’s CEO John Betts, in a statement issued Friday directly to “our valued partners in the beef industry,” said he wants beef producers “to hear from […] Read more

GFM Network News

U.S. livestock: Feeder cattle hit contract highs on tight supply

U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

Alberta harvest wrapping up: report

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