McDonald's, Franchisees Battle Over Financial Assistance
McDonald's (NYSE: MCD) is at odds with one association of its franchisers, according to an article published Tuesday in The Wall Street Journal. That organization, the National Owners Association (NOA), is pressing the fast food giant to provide more financial relief for franchisees coping with significantly weaker business in the face of the SARS-CoV-2 coronavirus pandemic.
The newspaper quoted a letter from the NOA to McDonald's which read, "[o]ur membership and most owners are increasingly losing faith in the partnership and company leadership," over the perceived lack of support. McDonald's communications indicate that it feels it provides sufficient help already.
Image source: McDonald's.
Source Fool.com
