Skip to content

McDonald’s Pledges More Black and Female Franchisees in Diversity Push

Updated on

McDonald’s Corp. is promising to recruit and train a more diverse set of franchisees across the world, adding more minority and female owners in the U.S., according to an internal message viewed by Bloomberg News.

McDonald’s will be more inclusive in finding and training possible franchisees both in its home market and in international markets such as Germany, the U.K. and France, Chief Executive Officer Chris Kempczinski said in the message Wednesday. The company will provide $250 million to help finance loans for underrepresented groups including Black, Hispanic, Asian and female potential restaurant owners over five years in the U.S., he said, noting that costs to buy a restaurant are often an especially difficult barrier for candidates with diverse backgrounds. The loans are for new franchisees.