McDonald’s shuts up shop on Olympic support; Pyeongchang Games swan song

Source:AFP Published: 2017/6/17 0:53:39

McDonald's has ended its longtime Olympic sponsorship dating back to 1976, the International Olympic Committee (IOC) announced on Friday.

The US fast-food giant has supported the Olympic Games since the 1976 Montreal Games and although the split takes place with immediate effect they will continue to be a sponsor at the 2018 Winter Games in Pyeongchang.

"The IOC and McDonald's have ­announced that they have ­mutually agreed to bring their worldwide ­partnership to an end," an IOC statement confirmed.

The burger chain was one of the IOC's heavyweight "TOP" (initials of The Olympic Partners) along with the likes of Coca Cola, Visa, Bridgestone, Panasonic, Toyota and Omega.

The IOC, giving the reasons behind the divorce, wrote, "In today's rapidly evolving business landscape, we understand that McDonald's is looking to focus on different business priorities."

McDonald's global chief marketing officer Silvia Lagnado commented, "As part of our global growth plan, we are reconsidering all aspects of our business and have made this decision in cooperation with the IOC to focus on different priorities."

While McDonald's first became an official backer at Montreal in 1976, the company's Olympic appetite was first whetted eight years earlier at the 1968 Grenoble Winter Games.

McDonald's on their website explained how they "airlifted" burgers to US Olympic athletes who had become "so homesick for American food" in the French Alpine city.

The IOC said it had "no immediate plans to appoint a direct replacement in the retail food operations sponsorship category."

Posted in: OLYMPICS

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