Skip to main content
Skip to main content

Hot on HuffPost Food:

See More Stories
Tell us what you think for a chance at $1000!

"LystHr" news and stories

Iceland to Lose McDonald's


iceland to lose mcdonald's

Iceland says so
long to El Maco,
McDonald's. Photo:
Daquella manera/flickr

Iceland will soon lose McDonald's after the island's only franchisee decided to shutter the three fast-food restaurants he owns in Reykjavik.

Lyst Hr., Iceland's only McDonald's franchise holder, decided to close its restaurants next weekend because of the falling price of Iceland's currency, the Associated Press reports.

"The economic situation has just made it too expensive for us," Magnus Ogmundsson, the managing director the company told the AP. The restaurants will reopen under a new name, Metro, serving locally produced foods.

Iceland is the ninth country to lose all its McDonald's restaurants. The chain pulled out of seven countries in 2002, and in 1996, Barbados lost its only McDonald's due to slow sales, the AP said.

[Via Associated Press]

Filed under: Business, Food News, Fast Food

Most Popular Stories

  • FDA Still Struggling to Define

    FDA Still Struggling to Define "Gluten-Free"Read More

  • This Omelet Recipe Is Written On the Egg Itself

    This Omelet Recipe Is Written On the Egg ItselfRead More

  • Why Jewish Food Disappoints

    Why Jewish Food DisappointsRead More

Latest Flickr Feed


Sponsored Links