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Message Subject McDonald's closing all restaurants in Bolivia as nation rejects fast food
Poster Handle SheldonReturns
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The story is from 11 years ago so you fail.
 Quoting: SheldonReturns



Correction: SHILLS FAIL !!!
 Quoting: Anonymous Coward 41744927


[link to news.bbc.co.uk]

Thursday, 5 December, 2002

All eight McDonald's restaurants in Bolivia have closed their doors for the last time.

The Andean nation is the first country to lose its franchise since McDonald's announced last month plans to pull out of three countries in Latin America and the Middle East.

In a country where average earnings are less than £50 per month, the number of people willing to spend more than £2 on a burger and chips was always going to be limited.

"In other countries like England or the US McDonald's is a cheap option, but here you can buy a burger for two Bolivianos (£0.17; $0.27)," said Edson Ribero, chef at a local fast-food chain that sells pizzas and steak sandwiches for less than £1.

"This is why McDonald's failed. It was not competitive in the market."
 
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