The McDonald’s restaurant chain is a joint venture between the McDonald brothers, Ray Kroc, and the McDonald’s Corporation. The McDonald’s Corporation owns the majority of the shares in the joint venture, and it controls the operations of the restaurants.
The McDonald brothers and Ray Kroc own the remaining shares. .
The McDonald brothers first opened a restaurant in 1940 in San Bernardino, California. In 1961, they opened their first restaurant in the Midwest.
The first McDonald’s restaurant outside of the United States opened in 1969 in Tokyo. The McDonald’s restaurant chain has since expanded to more than 140 countries and territories.
The McDonald brothers and Ray Kroc initially agreed to share the profits from the restaurant chain equally. However, in 1984, the McDonald brothers agreed to give up their majority stake in the joint venture in order to allow the McDonald’s Corporation to take control of the chain.
The McDonald brothers continue to own a minority stake in the joint venture.
The McDonald’s restaurant chain is a popular tourist destination. The restaurants are known for their fast food cuisine, Low Carb Menu, Happy Meals, and McCafé drinks.
The McDonald’s restaurant chain has been criticized for its role in contributing to the global obesity epidemic.
