Companies and Brands
McDonald's Corporation
Also Known As McDonald's
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McDonald's Corporation is the American fast food corporation built around the McDonald's restaurant brand. Brothers Richard and Maurice McDonald opened the original McDonald's restaurant in San Bernardino, California in 1940 and streamlined it in 1948 around a fast, assembly line style Speedee Service System. Milkshake mixer salesman Ray Kroc partnered with the brothers as their franchising agent in 1955, founded McDonald's Corporation to expand the concept nationally, and bought out the brothers' interest in the business in 1961. McDonald's is business literature's single most commonly cited real world example of franchising.
Facts
Company TypeFast food restaurant corporation 1 Founded Year HeadquartersChicago, Illinois, U.S. 1 Cross-Tradition Connections
Associated With
McDonald's, built into a national and international chain after Ray Kroc's 1955 franchise agreement with the McDonald brothers, is business literature's single most commonly cited example of franchising.
Founded By
Co-founded the original McDonald's restaurant with brother Richard in San Bernardino, California in 1940.
Partnered with the McDonald brothers in 1955, founded McDonald's Corporation, and bought out the brothers' interest in 1961.
Co-founded the original McDonald's restaurant with brother Maurice in San Bernardino, California in 1940.
Operates In
McDonald's is a global fast food restaurant chain, the food service side of the food and beverage industry.
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