Latest news with #Chiczewski
Miami Herald
07-07-2025
- Business
- Miami Herald
McDonald's is going all in on this country with 50 new stores
In the 85 years that passed since Richard and Maurice McDonald opened the first McDonald's (MCD) restaurant out of San Bernardino, Calif., in 1940, what started out as a small drive-thru stop evolved into a global empire and the world's most iconic burger restaurant. As of 2024, the chain had over 41,000 locations in more than 119 countries. Rare nations without a McDonald's include Iceland, Bermuda, Bolivia, Iran, Cambodia, and, after the chain pulled out of the country over its invasion of Ukraine, Russia. While the United States and Canada are the countries with the largest numbers of McDonald's with a respective 13,548 and 1,489 locations, the non-North American nation to come closest is Australia. As of May 2025, the country had 1,053 locations. Don't miss the move: SIGN UP for TheStreet'sFREE Daily news In an interview with local news outlets, McDonald's Australia CEO Joe Chiczewski said the chain plans to open between 30 and 50 new locations across the country by the end of 2026. "We're going to open more restaurants over the next 12 months," Chiczewski told adding that the goal is to find "restaurant gaps" in different parts of the country. "That is a key priority for our growth strategy. Not just the next 12 months, but over the next few years." Related: McDonald's brings back unexpected breakfast items after 5 years Chiczewski added that the chain is setting its sights on Perth in the western part of the country and framed it as "continuing to invest in the Aussie community." At the start of July, McDonald's Australia announced that it will lock in the prices of certain meal deals and items on its Loose Change Menu at a respective $7 ($4.55 USD) and $4 ($2.60 USD), as many customers expressed concerns with the rising cost of living. In announcing the upcoming openings, Chiczewski also said the higher demand is fueled by customers choosing to forgo traditional restaurants due to expense. "My commitment to Australian customers is clear: 24 hours a day, seven days a week, 365 days a year, you can count on us for great value at Macca's," he said further. Image source: Landini Associates Over in Hong Kong, McDonald's recently renovated the iconic location at the country's busiest Admiralty Station train interchange station to celebrate 50 years of operating in the Chinese administrative region. More Food News: McDonald's brings back unexpected breakfast items after 5 yearsTaco Bell announces new menu items to battle McDonald'sIconic fast-food burger chain announces late-night hours expansion The renovation also served as the launch of the new "Mood Engine" concept that will eventually be expanded to more locations across Hong Kong - a 72-foot screen that features different lights and well-known McDonald's characters like Ronald McDonald and the McBurglar to welcome guests and shift the tone as the time passes from day to night. "As customers rise from the station below, they're welcomed by a reflective double-canopy entrance - a contemporary homage to McDonald's original roofline and a nod to Ray Kroc's classic design," the chain said in announcing the new concept. "Now framed by glowing feature walls in McDonald's signature yellow, aimed at creating an unmissable beacon - just like the earliest restaurants once were." Related: Veteran fund manager issues dire S&P 500 warning for 2025 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
06-07-2025
- Business
- Time of India
McDonald's to open 30-50 new stores across Australia in 2025 to fill restaurant gaps as fast food market shows promising growth
McDonald's Australia CEO Joe Chiczewski has said that the company is set to open up to 50 new stores at new locations across the country in 2026. He said that the decision has been taken with the main focus to address 'restaurant gaps' across Australia. 'We're going to open more restaurants over the next 12 months,' Chiczewski told 'That is a key priority for our growth strategy. Not just the next 12 months, but over the next few years,' he said. This decision of McDonald's, one of the world's biggest fast food chains, comes at a time when many experts believe that the Australian fast food market is set to witness continued growth in 2025 with the success of several established brands and the rise of exciting newcomers, according to Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Chiczewski further signalled that Perth may see a large number of new restaurants. 'I would expect over the next 12 months that we would open somewhere between 30 and 50 restaurants,' he said. 'We're absolutely committed to continuing to invest in the Aussie community.' According to Sky News Australia, there are currently 1,050 McDonald's stores across the country. This comes as McDonald's announced on Thursday, July 3, 2025, that the franchise would lock the prices of select popular menu items to help Australians struggling with the cost of living. Live Events Chiczewski stated that items such as the McSmart meal would remain $7, and Loose Change Menu items would remain $4. 'My commitment to Australian customers is clear: 24 hours a day, seven days a week, 365 days a year, you can count on us for great value at Macca's,' he said, Sky News Australia reported. 'We're kicking off a year of value with a 12-month price promise on our McSmart Meal and Loose Change Menu. Since launching the McSmart meal, we're selling 600,000 McSmart meals a week,' he further stated. The announcement comes after the Fair Work Commission's ruling that McDonald's workers in South Australia are now able to negotiate better pay with their union and the franchise. Australia's fast food market size According to the IMARC Group, known for sector-specific research and consulting solutions, the Australian fast food market size reached USD 18.0 billion in 2024. The Group has projected that the market will reach USD 26.0 billion by 2033, exhibiting a growth rate (CAGR) of 4.12% during 2025-2033.
Economic Times
06-07-2025
- Business
- Economic Times
McDonald's to open 30-50 new stores across Australia in 2025 to fill restaurant gaps as fast food market shows promising growth
AP McDonald's Australia CEO Joe Chiczewski has said that the company is set to open up to 50 new stores at new locations across the country in 2026. McDonald's Australia CEO Joe Chiczewski has said that the company is set to open up to 50 new stores at new locations across the country in 2026. He said that the decision has been taken with the main focus to address 'restaurant gaps' across Australia.'We're going to open more restaurants over the next 12 months,' Chiczewski told 'That is a key priority for our growth strategy. Not just the next 12 months, but over the next few years,' he decision of McDonald's, one of the world's biggest fast food chains, comes at a time when many experts believe that the Australian fast food market is set to witness continued growth in 2025 with the success of several established brands and the rise of exciting newcomers, according to Chiczewski further signalled that Perth may see a large number of new restaurants. 'I would expect over the next 12 months that we would open somewhere between 30 and 50 restaurants,' he said. 'We're absolutely committed to continuing to invest in the Aussie community.' According to Sky News Australia, there are currently 1,050 McDonald's stores across the country. This comes as McDonald's announced on Thursday, July 3, 2025, that the franchise would lock the prices of select popular menu items to help Australians struggling with the cost of living. Chiczewski stated that items such as the McSmart meal would remain $7, and Loose Change Menu items would remain $4. 'My commitment to Australian customers is clear: 24 hours a day, seven days a week, 365 days a year, you can count on us for great value at Macca's,' he said, Sky News Australia reported.'We're kicking off a year of value with a 12-month price promise on our McSmart Meal and Loose Change Menu. Since launching the McSmart meal, we're selling 600,000 McSmart meals a week,' he further stated. The announcement comes after the Fair Work Commission's ruling that McDonald's workers in South Australia are now able to negotiate better pay with their union and the to the IMARC Group, known for sector-specific research and consulting solutions, the Australian fast food market size reached USD 18.0 billion in 2024. The Group has projected that the market will reach USD 26.0 billion by 2033, exhibiting a growth rate (CAGR) of 4.12% during 2025-2033.
Sky News AU
03-07-2025
- Business
- Sky News AU
Australia set for fast food boost at McDonalds CEO announces '30 to 50' new stores nationwide
McDonald's Australia boss has revealed up to 50 new stores will open across the country in the next year. CEO Joe Chiczewski made the announcement on Thursday morning, and said the main focus of the new locations will be to address 'restaurant gaps' across Australia. 'We're going to open more restaurants over the next 12 months,' he said. 'That is a key priority for our growth strategy. Not just the next 12 months, but over the next few years.' Mr Chiczewski hinted Perth may see a large number of new restaurants. 'I would expect over the next 12 months that we would open somewhere between 30 and 50 restaurants,' he said. 'We're absolutely committed to continuing to invest in the Aussie community.' There are currently 1,050 McDonald's stores across Australia. It comes as McDonald's announced on Thursday the franchise would lock the prices of select popular menu items, in an effort to help Australians struggling with the cost of living. Mr Chiczewski said items such as the McSmart meal would remain $7, and Loose Change Menu items would remain $4. 'My commitment to Australian customers is clear, 24 hours a day, seven days a week, 365 days a year, you can count on us for great value at Macca's,' he said. 'We're kicking off a year of value with a 12-month price promise on our McSmart Meal and Loose Change Menu. 'Since launching the McSmart meal, we're selling 600,000 McSmart meals a week.' Mr Chiczewski previously held the role of McDonald's Australia's chief restaurant officer. The announcement follows the Fair Work Commission's ruling this week that McDonald's workers in South Australia are now able to negotiate better pay with their union and the franchise.
Perth Now
02-07-2025
- Business
- Perth Now
$7 or less: Maccas' big promise to Aussies
McDonald's will lock its prices on a range of popular menu items for 12 months in a bid to keep cost-conscious customers rolling through its stores. CEO Joe Chiczewski announced the price lock on Thursday, casting it as a move to help Australians power through the cost-of-living crisis that has crushed spending power for millions in the aftermath of Covid. 'In today's cost-of-living climate, we know the promise of value matters more than ever to our fans across Australia,' he said. 'My commitment to Australian customers is clear, 24 hours a day, seven days a week, 365 days a year, you can count on us for great value at Macca's.' The price lock is for the McSmart Meal, which includes two hamburgers, fries and a drink for $6.95. Prices on the Loose Change menu, all set at $4 or below, will also remain in place for 12 months. The McDonald's McSmart Meal will be price locked at $7 for 12 months. Supplied Credit: News Corp Australia Sausage McMuffins will sell for $4, hamburgers will go for $2, frozen cokes for $1 and soft serve ice creams for 50c. The company sells more than 600,000 McSmart Meals a week, Mr Chiczewski said. 'It's also available at every single one of our locations nationwide, whether you're dining in, driving-thru, or ordering through the MyMacca's app,' he said. 'No gimmicks, no catches, just real McDonald's value.' McDonald's Australia, a division of the larger New York-listed McDonald's Corp, boast 1050 restaurants nationwide. It has been operating in Australia since 1971, when its burgers sold for 20c. McDonald's Australia CEO Joe Chiczewski said the price lock was part of a commitment to keep his restaurants 'accessible and affordable'. Supplied Credit: News Corp Australia Mr Chiczewski said keeping its products 'accessible and affordable' had remained a constant for the business. 'Like many Australian businesses, we've experienced rising costs over the past five years, driven by inflation and other economic factors,' he said. 'And yes, that means some of our menu prices have increased – we're not denying this. 'However, our focus and commitment remain unchanged, keeping our menu as accessible and affordable as possible for our customers. 'Our price promise on the McSmart Meal and Loose Change Menu is at the core of this commitment and ensures we can keep serving up Macca's favourites for less.'
