Mcdonald'S Bankruptcies 2024 Neet

Mcdonald'S Bankruptcies 2024 Neet. Franchisee based in iowa filed for bankruptcy this week, citing increasing competition from other chains — and from mcdonald’s itself. The company has over $2 million in unsecured claims from creditors, including $1 million from mcdonald’s, according to a court filing.

The first half of 2024 was incredibly challenging for the restaurant industry, which continues to face rising labor and operating costs and declines in traffic. Mcdonald’s net income for the twelve months ending june 30,.