McDonald's closes 30 outlets<\/p>\n
JAKARTA (JP): McDonald's Indonesia closed 30 of its 101
\noutlets nationwide in 1998 due to the economic crisis and
\nwidespread rioting.<\/p>\n
Company president Bambang H. Rachmadi said over the weekend
\nthe crisis had resulted in the declining purchasing power of
\nlocal consumers, and the rupiah's sharp depreciation had tripled
\nprices of its imported raw materials.<\/p>\n
Six of its outlets were destroyed in massive riots which hit
\nthe country in May.<\/p>\n
\"We have had to temporarily close those outlets otherwise we
\nwill suffer a greater losses. We will reopen them if the economic
\ncondition recovers,\" Bambang said at a launching for the
\ncompany's newest burger product called McSatay.<\/p>\n
He said that in 1999, instead of closing existing outlets, his
\ncompany planned to open 10 new outlets, five of which would be
\nlocated in Bali.<\/p>\n
\"We have pledged not to close any of our outlets this year.
\nThis year, we will open 10 new outlets in several locations which
\nhave good prospect in sales, such as Bali. We currently operate
\nsix outlets in Bali and all of them recorded good growth in
\nprofits in the past years. So five of our new outlets will be
\nopened in Bali, \" he said. (gis)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/mcdonalds-closes-30-outlets-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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