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CHICAGO McDonald’s Corp. will divest itself of two of its “partner brands,” selling off its stakes in Donatos Pizzeria and Fazoli’s Italian Restaurants, and refocusing efforts on expanding two other franchises: Boston Market and Chipotle.
“We will begin 2004 with a clear direction for what we need to do with these brands,” said McDonald’s CEO Jim Cantalupo in a statement. “These two brands are sizeable companies that can operate autonomously. We believe this new focus and discipline makes the most sense for our company, our shareholders and our ongoing business momentum.”
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