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McDonald’s China business name changes to ‘Jin Gong Men’

McDonald’s China business name changes to ‘Jin Gong Men’

Although the business name of McDonald's China has changed, the name of the restaurants is unaffected.

October 29, 2017
McDonald’s China Co. has changed its name to “Jin Gong Men Co,” which roughly translates to “Golden Arches,” after CITIC Capital and Carlyle Group took over the franchise, Caixin has reported.

The company confirmed that the change was made to meet the need of its business development. Daily operations, including the food safety standard and operational process, as well as the name of the restaurants will remain the same.

Registration records show that the company changed the name on October 12. And there are also some changes regarding its investors.

Jin Gong Men Management Co. joined as a new investor on August 24, while McDonald’s China dropped out.

Previously in 2016, the CITIC Group and Carlyle Group purchased the 20-year franchise of McDonald’s China for US$2.08 billion.

The CITIC Group has secured 52% of the new company’s shares, while the Carlyle Group holds 28%.
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McDonald's is the leading global foodservice retailer with more than 34,000 local restaurants serving nearly 69 million people in more than 118 countries each day. 
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