The San Bernardino restaurant was eventually torn down in 1971, and the site was sold to the Juan Pollo chain in 1998. The sale cost Kroc $2.7 million, a huge sum during that time. In 1961, he purchased the McDonald brothers' equity in the company and began the company's worldwide reach. Kroc and the McDonald brothers fought for control of the business, as documented in Kroc's autobiography. Kroc was recorded as being an aggressive business partner, driving the McDonald brothers out of the industry. This was in fact the ninth opened McDonald's restaurant overall, although this location was destroyed and rebuilt in 1984. The present corporation credits its founding to franchised businessman Ray Kroc on April 15, 1955. Although the "Golden Arches" logo appeared in various forms, the present version was not used until November 18, 1968, when the company was granted a U.S. But before the double arches, McDonald's used a single arch for the architecture of their buildings. By September 13, McDonald's, under the guidance of Ray Kroc, filed for a trademark on a new logo-an overlapping, double-arched "M" symbol. trademark on the name "McDonald's" with the description "Drive-In Restaurant Services", which continues to be renewed. On May 4, 1961, McDonald's first filed for a U.S. McDonald's has been subject to criticism over the health effects of its products, its treatment of employees, and other business practices. As of 2022, McDonald's has the sixth-highest global brand valuation. McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees). The McDonald's Corporation revenues come from the rent, royalties, and fees paid by the franchisees, as well as sales in company-operated restaurants. Their best-selling licensed item are their french fries, followed by the Big Mac. McDonald's is best known for its hamburgers, cheeseburgers and french fries, although their menu also includes other items like chicken, fish, fruit, and salads. McDonald's is the world's largest fast food restaurant chain, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. McDonald's is also a real estate company through its ownership of all restaurant locations. McDonald's had its previous headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018.
In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. They rechristened their business as a hamburger stand, and later turned the company into a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. McDonald's Corporation is an American multinational fast food chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. Corporate logo on red background with the wordmark, used in the 1990s and 2000s
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