The emblem for McDonald’s restaurant is seen as McDonald’s Corp. stories fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File Photo
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MILAN, June 30 (Reuters) – Italy’s antitrust authority stated on Thursday it had closed an investigation launched final 12 months over U.S. fast-food chain McDonald’s (MCD.N) franchise terms within the nation.
The AGCM regulator stated that the corporate had dedicated to eradicating clauses in contracts with its Italian associates, that would increase financial dependence points and “which could unduly condition their work and reduce, in an unjustified way, their profit margins”.
The watchdog had signaled in August 2021 {that a} collection of pervasive and binding clauses on costs, promotions, shares, provides and purchases, monetary administration, amongst others, may very well be seen as parts of abusive conduct. learn extra
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Reporting by Federico Maccioni, enhancing by Giulia Segreti
Our Standards: The Thomson Reuters Trust Principles.
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