Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Food & drink

McDonald's hit with more complaints in Europe

Three Italian consumer groups filed a complaint with the European Union

Global fast food chain McDonald’s (NYSE:MCD) may be hit with fresh regulatory allegations in Europe it emerged on Tuesday.

Three Italian consumer groups filed a complaint with the European Union (EU) that the fast-food chain charges its franchisees rents that exceed market rates.

In some cases, this can be as high as 10 times more than market value, according to reports.

It also imposes other illegal terms on its franchisees such as limiting their options to switch to other brands.

EU legal experts said the complaint might struggle to demonstrate that McDonald’s has a dominant position in Europe’s fast-food market.

The European Commission, the bloc’s top antitrust authority, said it was looking into the complaint.

Companies found guilty of violating EU antitrust law face fines of up to 10% of their global revenue.

It follows EU regulators opening an investigation into McDonald’s tax affairs in Luxembourg last month.

Unions claimed the company avoided around €1bn in taxes by moving its royalties to Luxembourg.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK