McDonald’s Agrees to Cut the Price of a Venezuelan Big Mac
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McDonald’s Corp.’s largest franchisee agreed to cut the cost of a Big Mac Combo in Venezuela as the Latin American nation struggles to control the world’s fastest inflation.
The price of a Big Mac Duo Combo of a hamburger plus drink will drop 7.5 percent, while french fries and soft drinks will fall 10 percent, a spokesman for Arcos Dorados Holdings Inc., who can’t be named because of company policy, said in a telephone interview from Caracas today. The decision to cut some prices came a week after the government inspected the company’s offices.