Arcos Dorados said it was not about "closing franchises" and pointed out that there are currently "more than 120 restaurants" operating in Venezuela. Ph: DR
McDonald's has closed "a small number" of restaurants in Venezuela, a country experiencing a severe economic crisis, Saturday said the company Arcos Dorados, the largest franchisee in the world of the American fast food chain.
"We continue to adjust our operations to the dynamics of the markets we operate in. According to this dynamic and this adjustment, we have recently closed a small number of restaurants," said AFP, the Argentine subsidiary, which provided a large number of McDonald & # 39 ; s franchises in Latin America.
Arcos Dorados has not indicated how many closed restaurants are.
Local press and customers reported that seven restaurants were closed, four in Caracas and three in the provinces.
Arcos Dorados said in his statement that it was not "closing franchises" and pointed out that there are currently "more than 120 restaurants" operating in Venezuela.
The economic crisis is such that the International Monetary Fund (IMF) predicts inflation of 1,000,000% for 2018 in Venezuela.
An "incentive package" was presented by President Nicolas Maduro, including the launch of new accounts amputated with five zeroes and their devaluation of 96% in parallel with the increase in the minimum wage of 3,400%.