MANILA - McDonald’s Corporation, headquartered in Chicago, Illinois, has entered into a multi-unit franchise agreement with Golden Arches Development Corporation (GADC), its Chairman and Founder George T. Yang, and President and CEO Kenneth S. Yang for a new 20-year franchise term in the Philippines until 2045. GADC is granted the license in the Philippines to, amongst other things, own, develop and operate restaurants and engage in the sub-franchising of restaurants under the McDonald’s brand in accordance with the multi-unit franchise agreement with McDonald’s Corporation.
