JAPAN: McDonald's Japan to withdraw from Pret a Manger business
Fastfood company McDonald's Japan has announced that it is to withdraw from its Pret a Manger sandwich chain joint venture to focus more on its core McDonald's operations. The company, which is 50% owned by US fastfood giant McDonald's, also announced that it expects to post a group net loss of ¥3.7bn (US$33.6m) for the year to 31 December, compared to a previous forecast of a ¥2.1bn net profit.
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