1. Presentation of the Company:
Quick is a hamburger fast food restaurant chain created by François Vaxelaire in Belgium in 1968, making it the first one to be introduced in Europe. It was then established in France in 1980. With sales worth over 1.029 billion euro in 2014, Quick is now considered the main competitor of McDonald’s in France. The company represents 495 restaurants operating under the brand in 6 territories including France, Belgium, Luxemburg, Réunion, New Caledonia and Martinique, with 75% of the Quick restaurants operating as a franchise. The fast food restaurant employs over 19.000 people worldwide, and it is very proud of being loyal to its strong values that are shared by the employees throughout Quick. These values incorporate simplicity, generosity and enthusiasm.
The Brand has changed their slogan 14 times over the past 45 years, varying all the way from “Quick, the restaurant of freedom” (1971), to “The best for you, every day” (2011), and to “A taste of legend”, being the one on at the present.
2. Problem Identification: Cause and Effect
We have noticed
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This is a very costly process, in an acquisition that has to be fulfilled in as little time as possible. Moreover, it has been announced that Burger King France is rebranding Quick, but it is extremely difficult to find any further information on the purchase.
How the company reacted
Even though the rebranding is not completely fulfilled yet, the lack of transparency arises many questions not only to customers and employee, but surely to all of the stakeholders of both, Burger Kind France and especially Quick. The fact that Quick showed little to no reaction at all might be concerning especially for employees, who must be unsure about the future of their careers.
3. Managerial
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In the article, Why Investing in Fast Food May Be a Good Thing, Amy Domini begins with advocating for the Slow Food movement. However, her position changes when she poses the rhetorical question, “Why then do I find myself investing in fast-food companies?”
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Finances were examined in affective processing, in the context of figuring out who should the people invest in to get there profitable outcome. Both MCD and QSR are going to have their differences in what they each bring to the table, however, reviewing the cash flow, income statement and financial activities, this narrative research paper is going to explain what is going to have the greater advantage in the end. The bigger bang for your buck if you will. Processing all the information will give us the insight to figure out this great comparison.
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