Published 23:50, October the 26th, 2009
McDonald’s shuts down business in Iceland
REYKJAVIK, ICELAND. McDonald’s Corp. will shutter its business in Iceland because it is too expensive for the franchise to operate after the country’s financial crisis.
The world’s largest fast-food company said yesterday that all three of its restaurants in Iceland, operated by franchisee Jon Ogmundsson, would stop operating Friday at midnight.
Ogmundsson has run the McDonald’s restaurants since 2004.
