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McDonald's remains focused on growth in Europe
January 25, 2009
Forbes: McDonald's Corp. has announced plans to spend $1.1 billion on new restaurants and upgrades in Europe this year.
The investment will help open 240 new restaurants and refit others, nearly half of the chain's total capital allocation of $2.4 billion for 2009. Despite a tightening economy and predictions of a sharp recession in countries like Spain, Denis Hennequin, president of McDonald's Europe, said the company is still focused on growth.
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