You want franchises with that?
McDonald's announced Monday a massive corporate restructuring aimed at reorganizing and righting the struggling business. The changes come as the 60-year-old burger chain struggles to regain ground lost recently to healthier eating and the rise of "fast casual" restaurants.
As part of the new strategy, McDonald's will rely more heavily on its army of franchisees, who in 2014 owned nearly 30,000 of the chain's 36,000 restaurants around the world, the latest figures available. As part of the plan, only 10 percent of the brand's stores will be company-owned by the end of 2017, down from about 19 percent in 2014.
The margins on McDonald's company-operated stores were less than half the margins on stores operated by franchisees last year. Some of McDonald's rivals have been pushing franchises over company stores for years.