BIZ BUZZ: Yangs renew ties with McDonald’s

A business partnership can be likened to a marriage, where each partner only wants the best for the other and both are committed to making a success of their union.

In this sense, George T. Yang and McDonald’s are a happily wedded couple that are about to renew their vows.

This, as George and his son, Kenneth Yang, chair and president, respectively, of McDonald’s Philippines, were once again granted the master franchise of McDonald’s in the Philippines by McDonald’s Corp. in the United States.

George has held the master franchise since he opened in 1981 the first McDonald’s store on Morayta Street, Manila.

In 2005, McDonald’s Philippines became a 100-percent Filipino-owned company with George and Kenneth Yang as the majority owners and Andrew Tan-led Alliance Global Inc. as their investment partners.

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As the Yangs and McDonald’s renew their ties, they are on track to open their 800th McDonald’s store in the country this year after opening 65 more branches in 2024. Best wishes!