McDonald’s plans $3bn facelift

McDonald’s said last night that it plans to spend $2.9bn to $3bn next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others – roughly in line with this year’s reduced spending forecast. The world’s biggest hamburger chain, which recently has struggled to meaningfully expand sales at established restaurants, last month trimmed its 2013 capital spending outlook by $100m to $3bn and delayed some new openings until next year.