September 30, 2016 4:04 AM ET

Hotels, Restaurants and Leisure

Company Overview of McDonald's Restaurants of Canada Limited

Company Overview

McDonald's Restaurants of Canada Limited operates and franchises quick service restaurants in Canada. It provides beef, chicken, eggs, dairy products, produce, sandwiches, and fries. The company was founded in 1967 and is based in Toronto, Canada. McDonald's Restaurants of Canada Limited operates as a subsidiary of McDonald's Corp.

Two McDonald's Place

Toronto, ON M3C 3L4

Canada

Founded in 1967

Phone:

888-424-4622

Fax:

416-446-3429

Key Executives for McDonald's Restaurants of Canada Limited

Chief Executive Officer and President
Founder and Senior Chairman
Age: 79
Chief Financial Officer and Senior Vice President
Chief Operating Officer
Vice-President and General Counsel
Compensation as of Fiscal Year 2016.

McDonald's Restaurants of Canada Limited Key Developments

McDonald's Canada Announces the Creation of over 2,835 Jobs in 189 Converted Restaurants Across Québec

McDonald's Canada announced the creation of over 2,835 jobs in 189 converted restaurants across Québec as part of its modernization of the guest experience which is underway nationwide. With investments of $200,000 to $250,000 per converted location, restaurants in the province have now completed their transformation and are now offering customers an entirely new experience.

Franchisee Suing McDonald's Following Negative Publicity

A former McDonald's franchisee who says he was forced to give up control of three restaurants is suing the McDonald's Restaurants of Canada Ltd., alleging it cost him millions of dollars even though a government review of his use of temporary foreign workers ultimately cleared him of wrongdoing. Glen Bishop has filed a lawsuit in B.C. Supreme Court against McDonald's Restaurants of Canada Ltd. The company has not yet filed its response. Mr. Bishop's notice of civil claim says an April, 2014, report by CBC's Go Public news segment accused his Victoria restaurants of giving more shifts to temporary foreign workers than Canadian workers. He was delivered a letter by McDonald's representatives that same day that said he could not continue as an owner and operator. He told he would not get any compensation if he did not immediately sign a letter agreeing to transfer the restaurants over to McDonald's. Mr. Bishop said a January, 2015, letter from the then-minister of employment Jason Kenney said its review was complete and the suspension against Mr. Bishop and his company, Nasib Services Inc., had been lifted. But McDonald's formally terminated its agreements with him in March, 2015, causing him major losses.

McDonald's Eyes Partial Stake Sale In McDonald's Japan

McDonald's Corp. (NYSE:MCD) has begun sounding out investors on selling a portion of its stake in McDonald's Holdings Company (Japan), Ltd. (JASDAQ:2702). Nikkei reports that the stake sale could go for 15%-33% and amount up to ¥100 billion.

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Recent Private Companies Transactions

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Target
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