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Mc Donald's...

Thursday, November 5, 2009

Thursday, November 5, 2009
...ditches Iceland

I so wanted to experiment the world most expensive Mc Donald when we visit Iceland. But according to an article I read a couple of days ago I now can enjoy the most expensive Big Mac in the comfort of my own city!

A year after Iceland went bankrupt, it is now losing McDonald. Reykjavik, the capital, is home to all three of the country's McDonald's restaurants.

Magnus Ogmundsson, managing director of Lyst Hr., which holds the franchise in Iceland, told The Associated Press, "The economic situation has just made it too expensive for us." His situation was made difficult by the McDonald's requirement that the store's goods be imported from Germany. So, he had to spend in euros, which became incredibly expensive because of the krona's plunge.
To get a sense of how bad the situation became, check out the price of a Big Mac. It already costs $5.29 in Reykjavik, and to turn a profit, it would have to go for $6.36 – making it the most expensive in the world. Currently, the title goes to Switzerland and Norway, where a Big Mac costs $5.75.
I'm NOT Lovin' It

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