McDonald's is taking Milan by storm. The company believes that the recession which hit Italy is almost over and they are about to spend $457 Million build and hire more people for the upcoming years. McDonalds likewise believes that they can make a fortune with the increasing economy.
MILAN (Reuters) - U.S. fastfood giant McDonald's believes recession-hit Italy will be one of its higher-growth areas in the coming decade and is opening more than 100 new restaurants to convert pizza-lovers to its burgers.
In a country where foreign investment has fallen by almost 30 percent since 2007, McDonald's Italian arm plans to spend 350 million euros ($457 million) and hire a further 3,000 people by 2015 to boost its market share.