graphic
News > International
Burger chains expand in UK
December 31, 1998: 9:03 a.m. ET

7,000 new jobs as Burger King and McDonald's fight UK turf wars
graphic
graphic graphic
graphic
LONDON (CNNfn) - Up to 7,000 new jobs are expected to be created next year in the United Kingdom as burger chains McDonald's Corp. and Burger King go head-to-head in the war to find new customers and expand their businesses.
     A report in The Wall Street Journal - citing an unnamed official at McDonald's - said the group planned to open 100 new restaurants in Britain. The company expects the openings to create some 3,500 new part-time and full time jobs. Burger King, a subsidiary of Diageo (DGE), the foods-to-drinks giant, confirmed it expects to do the same.
     The Wall Street Journal quoted a Burger King spokeswoman, saying: "Certainly there is a long way to go before we have the number of restaurants per capita that we have in the U.S."
     McDonald's operates 922 restaurants in Britain and more than 23,300 worldwide. Burger King has 523 outlets in the UK out of 10,000 globally. Both groups are set to invest a total of 100 million pounds ($168.5 million) in the expansion.
     However, the vast majority of the Burger King restaurants will be franchises, operated under license. Leisure group Granada Group (GAA) will account for about half of the openings, which it will install alongside its Little Chef chain of roadside restaurants.
     But McDonald's will retain direct control of about 70 percent of the new openings, with the rest held by franchisees. Back to top

  RELATED STORIES

McDonald's third quarter earnings - Oct.19, 1998

Diageo reports poor annual earnings - Sept.24, 1998

  RELATED SITES

Diageo

McDonald's Corporation


Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.