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Bye Bye Big Mac

October 27, 2009

McDonald’s, the worlds largest fast food chain, is set to take a step backward for once.  It was announced that the companies three franchises in Iceland will be shutting down operations for good due to the unfavorable economic climate.  Iceland was hit hard last year by the world wide economic downturn that resulted in the collapse of the currency and government in the island nation.  The franchise owner was bound by an agreement with McDonald’s to import all its material goods for the resturant from Germany, a situation that would have resulted in the most expensive Big Mac anywhere in the world had the stores continued to operate.

McDonald’s first  came to the country in 1993 on a wave of economic growth that saw Iceland attain one of the highest standards of living on the planet.  The first person to stuff that oh-so-American hunk of meat in his mouth was ther prime minister at the time, David Oddsson.  In an ironic twist Oddsson, who went on to become governor of the country’s central bank, Sedlabanki, was forced out of the position by parliment due to the same financial crisis that is forcing McDonalds to shut down operations.

If there is any good to come out of this (as if closing down McDonalds isn’t enough) it is the fact that the franchise owner will be reopening the resturants using locally sourced materials and will also be retaining the entire staff.  Not to worry hamburger lovers of Iceland, your fast food fix will live on!

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One Comment leave one →
  1. October 27, 2009 08:15

    I was on Yahoo and found your blog. Read a few of your other posts. Good work. I am looking forward to reading more from you in the future.

    Tom Stanley

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