Iceland Loses It’s Big Mac
Posted by Neil Payne on November 2nd, 2009McDonalds has announced that the three McDonalds outlets in Iceland are shutting down due to the island nation’s continuing financial crisis with no plans to return.
The decision was taken because business has become too expensive to operate. McDonalds have blamed the crisis on the “unique operational complexity” of doing business in an isolated country with a population of a mere 300,000.
(Source: gair rhydd)
McDonalds To Exit Iceland
The costs have doubled over the past year and even though sales have never been better the margin is so low that they feel they cannot sustain the business.
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