McDonald Closes it's three outlets in Iceland
due to the Economy troubles in
the country.
due to the Economy troubles in
the country.
To Survive McDonald's would have to charge the most
for a Big Mac than anywhere else in the World.
for a Big Mac than anywhere else in the World.
From the Belfast Telegraph:
Costs had doubled over the past year because of the fall in the krona and
high import tariffs on imported goods, Mr Ogmundsson said,
making it impossible for the company to raise prices further and
remain competitive with rivals using locally-sourced produce.
A Big Mac in Reykjavik already costs £3.25. But the 20% increase
needed to make a decent profit would have pushed that
to £3.90,
making the Icelandic version of the burger
the most expensive in the world,
Mr Ogmundsson said.
That title is currently held jointly by Switzerland and Norway where it
costs £3.53, according to
The Economist magazine's 2009 Big Mac index.
Read more
Costs had doubled over the past year because of the fall in the krona and
high import tariffs on imported goods, Mr Ogmundsson said,
making it impossible for the company to raise prices further and
remain competitive with rivals using locally-sourced produce.
A Big Mac in Reykjavik already costs £3.25. But the 20% increase
needed to make a decent profit would have pushed that
to £3.90,
making the Icelandic version of the burger
the most expensive in the world,
Mr Ogmundsson said.
That title is currently held jointly by Switzerland and Norway where it
costs £3.53, according to
The Economist magazine's 2009 Big Mac index.
Read more
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Wingman, Eating Out...
Wingman, Eating Out...
Clipper's can't get a break (Pun Not Intended).
Top Draft Pick for the Clips has a Broken Knee Cap.
Meanwhile, Lakers Get Their Championship Rings
Before Tonight's Game with The Clippers
At Staples Center at 7:30 p.m.
Top Draft Pick for the Clips has a Broken Knee Cap.
Meanwhile, Lakers Get Their Championship Rings
Before Tonight's Game with The Clippers
At Staples Center at 7:30 p.m.
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