McDonald's, Fazoli's Cook Up Joint Venture <b></b>

Oak Brook, Illinois--McDonald's Corp. has agreed to form a joint venture with Fazoli's Systems Inc., a Lexington, Kentucky-based casual Italian chain, to develop 20 to 30 Fazoli's restaurants in three U.S. markets. The joint venture will take over management of the existing Fazoli's market in Denver and will introduce the brand in two new markets, which have not been announced.

Earlier, McDonald's said that the deal fits with its strategy to broaden the types of food it offers and the restaurants it operates, giving consumers a variety of dining experiences. In addition to its well-known burger franchises, McDonald's also owns and operates Boston Market and Donatos Pizzeria restaurants, and holds a majority interest in Chipotle, a Mexican fast-food concept. -Crain's Chicago Business

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Leadership

What Quiet Leadership Looks Like in a Loud World — and How It Took This Company to $3B in Revenue

A conversation with Scott Clawson, the CEO of Culligan International — a nearly 90-year-old company providing healthy, safe, sustainable water to people around the world.

By William Salvi
Business Solutions

Build Smarter Workflows With Lifetime Access to This Project Management Course Pack

Get actionable frameworks, real-world case studies, and Jira tools for better execution

By BIZ Experiences Store
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Starting a Business

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

Ready to take your side hustle to the next level? This article shows you how to turn it into its own unique brand that gets noticed and grows on its own.

By Adam Horlock
Growing a Business

10 Habits That Separate Rich and Successful Founders From Wannabe BIZ Experiencess

Successful BIZ Experiencess adopt rich habits. Unsuccessful BIZ Experiencess ignore their habits.

By Tom Corley
Business News

Apple Smashes Expectations With $94 Billion Quarter. Here's How the iPhone Maker Did It.

Apple just reported a significant revenue beat for its latest quarter, exceeding analyst expectations.

By Sherin Shibu