Danso Financial Podcast

McDonald's is facing a new lawsuit from Black former franchisees who say they faced decades of discrimination at the fast-food chain. A complaint filed by 52 former franchisees last week Tuesday in the US District Court for the Northern District of Illinois is seeking more than $1 billion, collectively, in direct damages from McDonald's. Franchisees in the complaint said they faced "systematic and covert racial discrimination," with the company denying them the same opportunities as their white counterparts. McDonald's has to approve all new franchisees, and the lawsuit argues it "systematically steered" Black franchisees to buy locations in Black neighborhoods. These locations tend to have higher insurance and security costs while bringing in less revenue. The Danso Pitch team joined by Charles, Ramy and Daniel breakdown how this $1 Billion lawsuit will effect McDonald's, the company's PR Campaign with the recent partnership with Travis Scott, along with what a Franchiser and Franchisee is. This and many mor