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Business Wed Oct 01 2008
A Longer Wait for a McLatte
Oak Brook based McDonald's planned roll out of the new premium coffee cafes has hit a big snag, the current economic crisis. Bank of America was the primary lender to franchisers and has apparently reached its limits in regards to loans for the new cafes, rumored to cost 100K per location. McDonald's had planned to open 14,000 of the new cafes by April of 2009 but it seems that the rollout will be pushed further into the summer.
hello / October 1, 2008 9:13 AM
FWIW, I believe this story (which ran on AP/etc) is erroneous. I read a story (on the internet of course) in which McDonald's denied the facts of the story. YMMV.