McDonald’s Corp., like many of the customers it serves, is trimming its spending and saving more cash.
The fast food company said Tuesday it will divest a significant stake in its Japan business and accelerate U.S. restaurant closures it had already planned for future years.
McDonald’s said it will cut its ownership in McDonald’s Holdings Co. Japan to at least 35 percent from 49 percent. It said the transaction could take a while because of the low trading volumes of McDonald’s Japan shares.