USA: McDonald's confident of international expansion
McDonald's chairman and CEO Jack Greenberg said the group intends to maintain its robust rate of growth despite recently limp results Greenberg said the percentage of income McDonald's generates from foreign operations, currently just over 50%, will continue to rise despite ongoing economic problems in some regions. Speaking to a meeting of shareholders, Greenberg reiterated that the company is still on track to open 1,300 to 1,400 new restaurants this year - of which all but 350 will be outside the US.
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