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The three McDonald’s restaurants in Iceland are leaving because of the economic hardships that are plaguing that country.
“The loss of the Golden Arches highlights the extent of Iceland’s
economic demise since the pre-crisis boom years when its “Viking
Raider” entrepreneurs turned Reykjavik into an international finance
centre and launched a buying spree of high-profile European assets.”
blamed the closures on a very challenging economic climate and the
unique operational complexity of doing business in this island nation
of just 300,000 people on the edge of the Arctic Circle.
I wonder of the real reason is the low profit margins on their milk shakes 🙂