• The country’s financial collapse is to blame. That’s cold. Jon Ogmundsson, the owner of Iceland’s three McDonald’s locations, has chosen to close up shop in the country. Why’s that? Let him explain: “With the collapse of the Icelandic krona, our food costs have doubled. Business is good, but the bottom line is not sexy.” You know it’s bad when the most prevalent, visible icon of globalization is pulling out of your country. Bjork is probably the only person in Iceland with money right now. source

Posted by Ernie Smith • Permalink