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The Reason This Once-Popular McDonald's Competitor Had To Sell [Yahoo! Finance]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
The golden arches are associated with near global domination in the fast food space, and even with colossal failures like the "Arch Delux" burger costing the company over $100 million, the chain has continued to grow and stay profitable. But McDonald's was not always the juggernaut we know today. In fact, in the mid to late 1900s, the franchise was threatened by several upstarts. One of its main competitors was Burger Chef, a company with the same efficient, professional approach that first made McDonald's popular. Beginning in Indianapolis in the 1950s, Burger Chef was a detail-oriented company that aimed to take the popular burger and fries format and elevate the quality and experience. But with any successful company, mergers or acquisitions are inevitable, with one of the most recent examples being the combination of IHOP and Applebee's. Burger Chef was no exception to this fact, selling to General Foods Inc. for over $16 million in 1968, per The New York Times . It was this sal Show less Read more
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