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McDonald’s Japan closing stores amid loss forecast

McDonald’s Corp.’s Japan business forecast wider losses this year, announcing store closures and job cuts after sales suffered from food scandals. McDonald’s Holdings Co. (Japan) would probably lose ¥38 billion ($318 million) this year, compared with a ¥21.8 billion loss in 2014, the company said Thursday in a Tokyo Stock Exchange statement. Sales were expected to drop 10 percent to[Read More...]

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