Why McDonald's Failed In Iceland
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- čas přidán 2. 06. 2024
- McDonald's is synonymous with fast-food in many parts of the world, but there is one country where it's failed to capture national attention. Iceland celebrated the fast-food chain when it entered in 1993, but a global economic collapse during the next 15 years forced McDonald's to exit the Nordic region. Watch this video to find out more.
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Why McDonald's Failed In Iceland
Short Answer: High import food cost killed McDonald's in Iceland.
"Tariffs are good"
Or, maybe not!!!
I don't think it was import tariffs so much as shipping costs and currency problems.
Socialism for the win
The bank owners responsible were punished
@@belstar1128 By that are you referring to the bail-out of the banks that caused the 2008 economic crisis?
Hey, can you do one of why I failed as a child?
* Cries in failed adult *
I have found famil
Hang in there
*picture of cat of hanging from tree*
thanks for making me laugh
BIG HUNGRY That can't be right: Look at Bill Gates and Mark Zuckerberg.
As a former McDonald's employee, overpriced overhyped products killed it.
Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
@@Florencecoxx I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@bjoe631 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@Florencecoxx You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
@Queen OF Love This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him?
Tommi Tomasson Joint Burger.
I haven't eaten a red apple in months I think I'll eat one now. Mabey unless it's rotten then NVM the apples I have aren't as good as I thoughtm
and his child prolly has Tommisson as his last name
I bet the ice cream machine was still not working.
Lmao
It was truely working actuarly. Im from iceland and when ever i went in there it always workde
You're so original
They fixed IT - The Day Before !
They fixed it one day - and then the manager said "Sorry guys, we're closing shop".
Kind of like Starbucks in Italy, nobody's willing to get overpriced unhealthy coffee when we're full of small but quality caffes
@YosufRP Starbucks load their coffee with sugar.
Italian Espresso is pure, dense and actually fairly healthy if not consumed in excess.
The same goes for Domino's Pizza trying to sell their "pizza" in Italy.
cafes does not have a double F in it.
@YosufRP coffee is healthier than coca cola.
@YosufRP not for me it does not! I never have any illnesses at all.
Iceland....got rid of McDonald's AND told the banksters where to go.....Best country in the world for that !
They didnt have a problem with the banks until the bottom fell out.
Russia and Myanmar have kicked out the Rothschild banksters. And the associated criminals like George Soros and the Clinton Foundation etc.
Technically...McDonald's just left on their own.
it was the government (politicians) not the people. Wise up
I agree I wish the UK would do the same but we have 1000s of them 100s in London alone. I don't eat that crap an never will. It's pure poison.
been to iceland and tommy’s burger joint is the finest burger you’ll have anywhere in the world ..good rock n roll in his restaurant too
I can't believe you said that, Scott. I'm so telling your uncle Ronald at the family reunion.
@@MrVvulf 😂😂
@@MrVvulf underrated comment
Hell yeah. Can you drink there??
Yeahhh Tommy’s chili burgers in So Cal
Now the owner just stays home, drinks the cheap whiskey, and plots his revenge against the German onion cartel....
hahahahahahahahahahhhahahahhahahaaahaha
German Onion Mob
Be warned, Georgian Vidalia Mafia!
lol!!
Iceland is a good shop
I use it a lot.
i’ve been to iceland as a tourist last year, and it is a BLISS that you cannot see american fast food chains and their agressive marketing everywhere. it just contributes so well to the country’s nature-preserving and chill atmosphere that you can only find local restaurants and shops. it’s reciprocal to time’s square and it’s rly amazing
I was in Iceland for a year in 2005 & I noticed there were Subways everywhere. Even in the little towns.
@@johnduff3914 Not sure the relevance but that was over a decade ago, and subway isn't doing so hot lol
@@PlatoonGoon So, are there no more Subways? I commented because I thought at the time, "wow they sure like Subway here" and they were always full. Out of all the American fast food joints, I figured it would be McD's that would be everywhere.
@Bubbles Its funny how Subway seems to thrive everywhere you go. I've been to food courts where all the stalls were empty but Subway had long-ass lines. I've never seen a struggling Subway. Weird.
It contributes to the fact that everything in Iceland is etremely expensive. What’s wrong with cheap fast food being an option in a country?
The Icelandic people probably know crap when they see it and taste it.
Mcdonalds aint supposed to be gourmet bro, 1 dollar for a half decent burger sounds pretty good to me
did you see the video idiot ? thousands of ppl were going there daily
@@dandelion7933 Nobody is poor in Iceland.
@@dandelion7933 haltu kjafti
isnt KFC even crappier than Mcdonalds? They're still there.
I lived in Iceland and love all the different foods. Never could figure out why people went the the American fast food joints more than once. Side note the people in Iceland are some on the friendliest people I’ve ever met.
Champs Elysees, one of the best-known avenues in Paris, features two McDonalds, Burger King, and several other burger joints. I guess the French and customers around the world must be masochists in patronizing American fast food places so often rather than liking the product. My experience with animosity towards American fast food is that it's tied in with anti-Americanism in general. It's supposed to advertise the European ultra-left street creds against the big bad America.
Yes. Sounds like McDonald's food just wasn't good enough. They could come back, but don't.
and here i was thinking it was because they’re healthy
ASMR Bath Recipes same 😆
we're not
6:57 "Young Icelanders are eating fastfood every other day." That's not so good, but maybe it's because everything else is just too expensive for young people and it's fast.
@@minussinus2222 i am tired of people crying about Unhealthy food.
I am litterally underweight and i eat fast food like 3 times a day sometimes.
Alex the paying close to 2000kr for a meal ain’t it tho
When we visited Iceland last year, that is one of the first things our tour guide told us “no McDonald’s here”.
They have Metro though - which have some very similar items on their menu, including an equivalent of the Big Mac.
en.wikipedia.org/wiki/Metro_(restaurant_chain)
To which everyone on the tour bus Cheered.
@@a.jlondon9039 lol! Heavens yeah!!!
@@eljay5009 yep swedish have very nice hotdog 🌭 fock yeee can't wait but I have to so NVM I can wait
OH No! What did you do?? Cancel your trip?
The nation was shifting to a free market economy --- illustrated with a scene of Canary Wharf in London!
Discusses Iceland's economy, shows financial district in Toronto. 7:16
Episode ends with: "There might be HOPE that McDonalds will come back in the Nordic region". For real? Are obesity rates too low there, or is the reporter feeling bad for all the profit McDonalds corporation is missing out on?
@ Ivan F Simple, the reporter hopes to return, find one open and eat the slop that is served.
Nope, the voiceover says, "There might be hope FOR McDonalds..." Huge difference.
Yeah...
It's not really a bad thing if they have few mcdonalds
it's cnbc. what would you expect? they're all looking after each other (global elite - big tech, mainstream media, big corporations)
Went to Iceland last year and didn’t even realize McDonalds wasn’t around.
Tarmac Bender Not like anyone would miss it, anyway!
I went in 2018 and i was confused how there was kfc, dominos, taco bell yet no mcdonalds
Nobody going to other countries just to see where mcdonalds is
There just some countries you go too you dont want to eat those fast food chain your use too back in your own country.
@@excitingmarmot2820 lol unless you're a millnaire connesueir yeah!
hey Iceland, consider yourselves lucky..
They dodged a bullet!
No unlucky
They’re super lucky.
Why? Because of their health and the advantage to the environment from locally sourced food. Good riddance! They should get rid of all (junk food) fast food, but this is a step in the right direction.
Yep
Who needs a Big Mac when you can have a roast sheep's head?
preferably any day.
I know a Big Mac will give me wicked indigestion, but a roast sheep's head, no idea.
Big Macs is a heart attack waiting to happen
@@jamesbones4766 Completely right.
Better than dying of clogged arteries.
Didn’t even think about fast food when I visited. Iceland has their own delicious food. Highly recommend a trip there.
Is it mostly fish? I don't like fish unless from a chip shop
Lots of fish, but stuff you can’t eat everywhere like whale and Icelandic shark . You can eat puffin the seabird and there is lamb and other meats available.
@@MPerry-ox9qb don't like lamb either.
Don't fancy whale, puffin or shark. Never tried though.
@@Keenangoal i usually don't eat cow
I haven’t been to Iceland, but I do respect them for being a culture that opposes the practice of infant male circumcision.
A blessing in disguise. They are better off without it !
Hell no. McDonalds is a lavage food.
@ReviewYourFace There are TONS of Mcdonald's in Japan and they have a very low obesity rate. Sorry, but blaming Mcdonadl's for health problems is just externalizing other problems in society.
idk man. everything in Iceland is super expensive. I would have dine in a Mcdonald's if there is any.
@@Freikorptrasher That's because their government is stupid and limits competition in their markets.
@@yissssss Low obesity rate but high diabetes (8% vs 9.4% in America). The health risks aren't always visible from the outside.
Importing your raw ingredients even though they could be sourced locally with a near negligible difference in quality is always a sure way to the failure of any business.
Iceland is a tiny country not to mention at a high latitude importing locally is impossible, plus most Icelandic cows are dairy cows so its hard to meet demand.
@@thehiker_7860 you are wrong but ok
@@theicelandicnationalist2.023 thats funny because I just did research and my Icelandic interviewees said that now its more expensive to source locally then to import
@@DaftPunkSkittle more expensive, yes, but he said that it was impossible which it is not
@@DaftPunkSkittle and the word is not interviewees(that word means people that are being interviewed)it’s interviews
"McDonald's opening in Iceland symbolised the country moving away from isolation and nationalism". Is this an advert for McDonald's? Lol why would anybody want them to return?
Nobody in their right mind should want a megacorp peddling their industrialised pig-slop in their lands and poisoning their countrymen.
Mcdonalds is awesome. healthy foods sucks.
I am thankful for my mom keeping me away from Mickey D's as a kid. It has always been kind of "meh" with me.
Nothing wrong with eating fast food if you have self control. I only eat McDonald's maybe once every 5 years lol
@@chrisortiz8072 I can't lie, Fillet o Fish is delicious.
Your mom truly loves you and she protected you from being poisoned.
I'm thankful to my dad for keeping me & my sister away from soda
@@mikado5792 yeah it’s good
The global crash in 2008 personifies why everyone should support local business over imported brands.
True but getting weed in Iceland is hard too
The global crash in 2020 personifies why everyone should support local business over imported brands.
that comment got a hole new mening in 2020 ...
Except an economic crash is not a person, so how could it "personify" another phenomenon? Also, to blame globalization for the economic crisis ignores the massive benefits of geographical comparative advantage.
I think *exemplifies is the word you're looking for, than "personifies" because the '08 crash isn't a person
McDonald's, I'm leavin' it!
When I drive past one and there is a big queue I just can't help but think those people are sad queuing for that crap.
@@Lousy_Bastard let’s be honest ... you are just as sad as them lol. You are not special
Wah wah wah, waah wahhh
@Joe Marley lol
@JZ's Best Friend Completely agree.
"there might be hope for mcdonalds"
bruh do americans really think other countries want their crappy junkfood
The States are renowned for their delicious and inexpensive food.
Yes, profit figures from other countries show that people want it.
Given that their crappy junkfood is in about half the worlds countries, yes, I think they do.
I love how comments like these have no logical background. It is a fact the Mc Donalds is powerful outside the USA.
@@brentrichards1200 lol
lol they made a whole documentary about it but in 1:04 this Tomas Tomasson is the only reason why mcdonalds will never set foot in iceland again 🤣
You are a person with awareness 👍
What a disappointing clip, I hoped it would say that Icelanders got health conscious !!! 😜
I expected something like that too! Haha
b r u h
CNBC kinda sucks
In Bolivia Mcdonald's also failed because the people there prefer good quality food which they make themselves instead of buying fast food.
@@VJal95 or because Bolivia is corrupt and the workers were stealing all the food and taking it home to their 8 cousins
Just like Jamaica, McDonalds left in 2005. Jamaicans claimed that that burgers were too small and overpriced.
Finally some countries with some common sense
@@JoostterLaak Jamaica is the most violent island in the Caribbean so I want to know what common sense you're talking about
Look at the barrel bro
Joost TL $1 for a burger is not at all overpriced. how is that common sense
been to macdonalds back then, it left in 2005? i thought it left in 2006 or 2007? huh, i was sooo young back then
This was really interesting! Even took out one or two things for myself! Thank you very much @CNBC!
Best from Switzerland: Mad
because McDonald's is disgusting. the rest of the world hasn't caught on yet
No sir, it was because of not being able to ship in resources without horrible operational costs....did you not watch the video?
It's about as unhealthy as smoking cigarettes
@@alwaysplay13 yes, but it's still horribly unhealthy food. Healthier than starving and more ethical than eating whales; but practically addictive to human pallets.
I cannot believe what I found out about what goes on at some McDonald’s, some people really need to wAke 🌍🙏🏼❤️
@@eschwarz1003 that statement doesnt make sense
Really wanna see Iceland one day
@Auto blipper lol you can go in summer.
@@user-ef9hu1bn2y He's American, he doesnt know common sense
@@The-Cat yeah true
Best hot dogs ever!
They don’t want you there.
Next episode: Why burger-king failed in North Korea
Evan Young
Why Mc Donalds should fail in the USA
Episode V: A New Hope... )
Why taco bell failed in india
kim ate everything himself noone else allowed
@@daniellemunaycush theres taco bell in india lol
Interesting what happened in Iceland.
You should do another one about why McDonald’s failed in Bolivia🇧🇴. It was for another totally different reason.
I live in Switzerland and I can assure you that a medium Big Mac meal at McDonald’s will set you back $25 even more
Local hotdog sandwich is a must try when you visit Iceland.
Noted!
Cubana?
> 5:23
"a must" is an exaggeration
It's a hot dog.. Nothing special.
no big loss. The foods non nutritive garbage, and it contributes to a lot of litter.
you're non nutritive garbage OOOOOOOOOH
Fast food=unhealthy garbage
not to mention nano fibers
@@azizbelkharmoudi2564 no u
+Hidden
I think that eating junk food made a devastating effect on your brain functioning
I love how the guy analogized the cost of onions to the cost of a good bottle of whiskey.
I was hoping the explanation was going to be that Icelanders love their children too much to feed them on low quality junk food. Never mind!
@MichaelKingsfordGray Yes,you are right.It takes a person of extreme courage to eat their disgusting food.
healthy foods are junk. fastfood forever
It's a sad statement when the introduction of a fast-food giant has high symbolic value for a nation's standing on the world stage.
@Rusto Like hell.Sign of the country going to rack and ruin.
Yeah this vid made it sound like nationalism is a bad thing. Which it's not.
listen to "rammstein - amerika"
Guys, it was a big deal for us, OK?
We're not a big nation by most standards and receiving a franchise as big as McDonald's felt like a letter of acceptance to economic and cultural stages. I know, it sounds strange, but it's a fact. Things have moved on and it's safe to say that no one actually misses it, but think of it as our time in the spotlight.
Yes, it's unhealthy and not a good choice for lunch. But we didn't make the same fuss when KFC opened...and they're still here. That should tell you how much value the golden arches hold.
@@TraustiGeir At least the Colonel doesn't taste like sawdust.
Interesting fact, McDonald's failed decades ago in Barbados but not because they were bad, or that bad, there is a local chain there called Chefette and people ended up just going back there. They might be able to go back there now since Wendy's, Burger King and KFC are there and seem to be doing well.
venom5809 Same reason SUBWAYS failed in Philly!
We dont have wendy. But Mcdonald's failed to understand that we bajans like chicken. Thats how burger king is able to survive. Most people go in there to buy the chicken meals.
The same thing happens to Philippines
Katherine Magistrado wdym McDonald's is doing successful there Jollibee is number 1 in Philippines and McDonalds is 2nd there
@@sophiagonzales8974 no not that I mean it actually failed to open restaurants or to improve, I mean they are failing to be no.1. Sorry..... I wasn't specific
I'm struggling to understand how we should hope that McDonalds should return to ANYWHERE. If you are lucky enough to live somewhere that McD's has failed, you should recognise that you and your society are lucky. Don't fight it, EMBRACE it!!!
The reason I heard was that the Icelandic proprietor quit going along with the franchises requirements to make the food exactly the way it was done on America. They wanted to include other things to offer the locals and it turned into a terrible mess. It was said, too, that the home office didn't receive their agreed to cut from Iceland and the man running the show at Mc D's only wanted the start up cash from America to help him set up a restaurant that he would then intentionally stiff them and do what he wanted and sell what he wanted, never planning on keeping it a McDonald's. So when America told him he had broken their contract he basically told them to screw off. When things got that bitter he told them, "Ok, sue me! " But I don't think they bothered and just went away. Is any of this true ? I'd really like to know.
Franchise requirements and the franchise contract is usually written........by Miami lawyers. It's pretty tight. If the owner "defaulted" on his franchise agreement it's on him, but the MCDonald's head office COULD have redacted the contract and then sold it to someone else, or kept the stores open at a loss, to keep the "name" in Iceland. they obviously chose not to., at that time.
@@Dwightstjohn-fo8ki Thanks for taking the time to explain. I've wondered about it a lot. You've basically cleared it up for me. Thanks
This kind of happened - the franchisee rebranded the restaraunts as Metro. They are not up to the standards as other European McDonalds, especially in the cleaniness department.
@@JimDownWell It just so happens that I eat at the Metro Diner here in Jacksonville Florida USA. NOT AFFILIATED ! ...and it's one of the best places to eat in town. Speaking of cleanliness, there's no way that New York City can inspect all of its restaurants and eating places, no matter how hard they try. If a person eats out 2 times every day of his life in NYC, it would take almost 40 years to hit to them all, so how in the world can they inspect them all ? One closes, a new one opens up. It's an impossibility.
@@williamgunnarsson I'm talking about Iceland though, not sure what New York has to do with it?
Iceland is such a safe country... even safe for your health.
Does Iceland's wife's boyfriend use a condom?
@@johnnull5315 What a stupid question.Could only come from an American.
Not really a country more like a small city. Beautiful it may be its insanely expensive. More like a private club.
It's a country that has many cities, although very few people compared to the average European country.
You know just becuase McDonalds left doesn't mean fast food left. All of the former McDonalds were simply rebranded. There's still KFC, Subway and Dominos here.
McDonald’s would build a store in Antartica is they could
*If
Technically they already have. They also have already built on aircraft carriers
You do know there is one at the American Anartic base right?
*if
Yasss
Subway still has shops in Iceland and they vastly outnumber McDonald's worldwide.
My father was a commercial pilot and visited almost every place on earth. He remembed two things about Iceland. He said the women were gorgeous and the food was terrible.
I hope it doesn’t make a comeback, the better for everyone’s health
Right, it can't be pure coinsidence that a developed country with no McDonalds and generally expensive restaurants is also considered one of the healthiest nations on the planet.
You can just not eat it if its around bud i dont get all the hate
So you think that a local hamburger store is healthier. They are all beef, lots of cholesterol at that. In other channel it says that their raw materials came from Germany. Good luck with that.
@@stephenward2743 yessireee Mcdonald's get out of iceland!!
@@felixnicsergulden9786 bruh that's ridiculous McDonalds HAS ALWAYS BEEN BAD!
7:16 "With Iceland's economy looking bright" - while showing a picture of downtown Toronto, Canada.
lmao
"Tourism growing:"
2020: *Allow us to introduce ourselves*
In Malta a big Mac costs $7, and business is good with 6 restaurants in just 60 square kilometers and always packed 😤
Imagine America ditching fast food joints and overpriced crap food like chilis ruby tuesday little debbie etc. The health field would collapse in on itself from lack of patients
@Worm Driver you should spend less time on the Internet. The world is a beautiful place, and people with different ideologies make it better, not worse
What do you mean when you say health field? That includes nutritionists and naturopathic medicine. Those people help people with healthy diets. If you mean regular doctors and hospitals, say that.
Michelle You knew exactly what they meant.
That is so true.
I worked at a ruby tuesday...they dont even wash the salad you fool LUL.
Tourism helps in the economy
2020: Yea about that...
When McDonald's is ever mentioned, I automatically think of the scene in the film 'Falling down'. The part when Michael Douglas' character is standing at the counter of a fast food outlet, holding up a saggy disgusting looking burger that bears no resemblance to the pictures of it behind the counter.
I wish I had a submachine gun everytime they told me that I couldn't order from the breakfast menu anymore. The Egg McMuffin is one of the few McDonalds products that are tasty. I don't like their soggy fries and their burgers are not as good as at other places.
Good movie too.
@@Ozymandias1 "I dont vant any nasty soggy chips, I vant mine light und crisp!" Dads Army (The Deadly Attachment ).
"There might be hope for McDonalds to make a comeback ..." Noooooo!!!! D:
Lars Hansen That’s stupid and as a Dane you should know. Denmark tried a “fat tax” and then quickly reversed it when they realized people would just drive to Sweden or Germany to shop instead. Why should the government tell you what you can or can not eat?
@@charonstyxferryman Fat is not the problem, but sugar and cheap carbohydrates. Your ancestors lived of fat and were healthy. Same here in germany.
Don't resist our cultural enrichment europoor. Soon your people will be listening to our music and wearing our blue jeans
It's not only Iceland, McDonalds didn't succeed in Barbados either 😅😅😅😅😅😅
🇧🇧
Let's see , do I want a nice fresh seafood plate or a squishy cold burger. Tough call!
The local fast food restaurant inside the airport of Barbados, next to that fancy chocolate boutique had delicious West Indian food. We were so happy to have good food in an airport.
Thought it was because McDonalds is barely edible but k
It shouldn't be classed as food, it's total crap for the human body.
@@Lousy_Bastard Are you a vegetarian Karen?
@@aresmurphy436 lol
@@aresmurphy436 no but im not a fatass, mcdonalds is truly disgusting food you dont have to be a vegetarian to admit it sucks
Hikel Monrel ok boomer 🥶
No loss for the Icelanders.
McDonalds might have had better succes in Iceland if they had good whisky on the menu.
Icelanders can still buy a Big Mac today-it’s just called a Heimsborgari, available at Metro (mentioned in the end of the video).
Iceland’s McDonald’s doesn’t need a freezer lol
You are thinking of Greenland
😂😂😂
it's not even that cold wdym
@The Icelandic Nationalist and I'm not seeing Iceland in the euros
@@yesyesyesimdoingallthetime2770 when did I say it was a part of the eu or the euro zone?
I remember when Doctor Pepper first arrived in Japan, early or mid '74 I think it was. I was operating ten or eleven coin laundries around Tokyo at the time and I had soft-drink machines in most of them. Doctor Pepper went on the air, into the machines, and out into the world.
For two weeks it outsold everything else combined. Then it dropped dead.
They tried it. The didn't like it. Thunkk!
Thank you for sharing! Thats super interesting
7:00 damn they spending more on fast food than my ENTIRE monthly food budget 😭
Mcdonald's bad anywya
Good project thanks for sharing
Why do you keep showing b-rolls of cities that aren't located in Iceland?
No s*ht huh
Lazy production.
They showed footage from a British supermarket named Iceland :D
Apparently some n**** from fake news department made this video.
They showed the business and financial core of Toronto Canada a couple of times.
Why it failed in Iceland is because French fries don’t taste good anymore once it goes cold
😂😂
Luckily we have ovens
Nah,i would still eat it,and yes I'm indeed a man of culture
McDonald's fries are awful when warm and have no taste anymore. I worked at McDonald's 45 years ago and making great fries was essential for every franchise.
Mcdonald's fries are great if you eat them within 10 minutes of coming out of the fryer. Helpful hint: put those cold fries in an oven at 350F for 5 to 10 minutes depending on how many fries you're heating up. They become crispy again.
Been to Iceland twice. They definitely have Subway but don't recall any other fast food. I do remember in a restaurant the whale steak was cheaper than the beef steak so that could have something to do with McDonald's failure.
When I went to Iceland last year. A Pizza hut exists in the BSI bus terminal in Reykjavik.
I couldn't care less if multinationals are failing in certain countries. That's a GOOD thing!
Good point. Now if that theory could only be applied to Amazon and Wal Mart the would be be good again
No ones saying it’s a good thing, but you SHOULD care about it, as there’s plenty to learn from the situation.
@ZionHillCalling It was an opinion. As for knowing what a theory is, it's my theory that you must me one of the many who insist on making derogatory comments especially when My comment was NOT directed towards you
You know nothing about economics.
wakeupscreaming Why do you not care that so many people will become unemployed?
I’m so glad it failed in Iceland 😂 that really does bring me joy ☺️👏👏👏 well done Iceland
That's the same issue mcdonald's faces in Europe: competition that makes it expensive.
You can't abuse local workforce for a cheap burger, so mcdonald's isn't really cheap.
7:16 You seem to be mixing up stock videos with actual shots of Iceland. It's really confusing. Does iceland have such tall buildings ?
Too small of a market with expensive shipping costs.
Allen .Berge Yes, though also focus on buying source ingredients locally, to reduce that overhead.
I love getting lost on CZcams just learning random stuff.
I have been to Iceland, and I doubt that I go back. The prices of EVERYTHING were outrageous. Worst was a taxi, the legal fare (not some ripoff by a driver) for a 2.2 Km ride, that is less than 1.5 miles, was $35. U.S.
That's funny, Ned Kelly complaining about rip-offs !😊
Hahaha. 1.5 km. Could’ve walked. I did 2, 26 mile walkathons at the age of 12 and 13 years of age.
@@charisserempel23 1.5 miles, roughly 2.2 Km. But I DID seriously consider walking, I walk farther than that just for exercise on a regular basis. Problem was carrying a 30 lb. suitcase and a near-zero chill factor in degrees Fahrenheit.
Toronto financial district at 7:16? TD, Scotiabank, BMO, St. Regis Hotel...
Difficult choice a kilo of onions or a bottle of good whisky.
Quick sum up:
MacDonald closed in Iceland due to not using local products, foreign denominated debt, and high leverage.
From an old retired miner: The two tunnels were driven at the same time and are for the purpose of air circulation. Air is forced down one and comes back up the other. The crossovers with walls are made at intervals for the air to flow. As the tunnels progress, these have to be sealed off (called stoppings) to make the air go on to the next crossover.
Cos a cool dude named TOMMI opened restaurants, CASE CLOSED!
@@izzyzzzycwycz3646 ye it was 3 am
Similar thing happened in Norway with some big company, dont remember which one, it was simply too expensive
They failed in Iceland because their Big Macs would just freeze once they walk out the door
😂 LMAO!!!!!!
Isent iceland warm not cold?
It’s got a moderate temperature range b/c of the ocean’s currents. I think it stays within 10 degrees (Celsius) above and below zero.
I think you're confusing Iceland and Greenland. You're not the first person to do that. In fact, it's how they got their respective names in the first place!
Common misconception Iceland isn’t cold it’s green and Greenland has ice and is cold Vikings did this as a way to detour enemies and it actually worked
Did you see the McDouble being made? No sauce, no mustard, no onion, no pickle. That is going to be one dry burger.
@@Wonkamatic Regular handwashing is just as effective as using gloves...
That was a double cheeseburger
Tomas Tomasson the man who single handedly push away mcdonalds because of his burger joints
They should have given a free vomit bag and roll of toilet paper..
The key to success in Iceland:
Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency, Consistency and lastly, Consistancy
etc.
You would not succeed.
and being #Lutheran
Remember, consistency, consistency, and consistency.
and very very lastly, consistency
Khu NoPie Did you say consistency? Lol
7:25
They have a firm foothold in the nordic region, it's only *Iceland* they don't have a strong position in.
But Norway, Sweden, Denmark and Finland all have plenty of McDonalds resturants.
They don’t like having diarrhea for a week after eating there
Lol if thats happening to you, go see a doctor
That sounds like something american. I mean they had to change almost all ingredients here. As it was forbidden to use most of the chemicals. It had to be fresher and natural.
I haven't been in a fast food joint in over 10 years. Obesity is not my things.
@@smcdonald9991 fast food doesnt equal obesity but okay.
@@LetsPlayGamesRandom Obesity has a causality link to an excess of calories. A modest meal at McDonalds (Big Mac, medium fry, medium soft drink) exceeds 1000 calories. It also exceeds your daily healthy allowance of sodium. There is nothing healthy about eating fast food. It's a terrible habit.
It failed because I would imagine In Iceland they NEED wholesome Foods to survive.... Not Cardboard Foods 👌🏼
Well no, you clearly didn't bother to watch the video before making a comment. It failed because it relied on imported ingredients and it was too expensive to import anything to Iceland while keeping the price of your products low and still make a profit, which is the whole point of fast food. It was heavily patronized by the locals when it closed its doors.
@Nostradamus I'm sure you know what wholesome Foods are.... But for some reason you want to be patronising....... If wale blubber is what is on the menu in Iceland then yea.... I guess 🤷🏽♀️ Anything is better for you then Cardboard Fastfood though right????
Icelandic people eat sheep. McDonald's didn't have a lamb burger.
Because they don't like garbage.
Oh, we do
That's not what the video says tho
@@adamingi
Judging by how fat everyone is in the states , I think the answer is yes. Americans do like eating fast food garbage.
@@hypatiakovalevskayasklodow9195 I was born in Iceland and I still live there, I'm preeeeety sure I can see how fat people are here
@@adamingi I'm sorry, I don't understand? I wasn't replying to you?
But since you're already there, how fat are they? I'm from Serbia and people are definitely not as slim as in France but they're also definitely not as obese in the percentage I noticed in the US
Literally been wondering this for years.
Believe me, not having McDonalds is a good thing
When I went to Iceland I actually noticed they still had Toys R Us and I brought like 30 bags back to America
Not anymore :)
I'd have never pictured Icelandics as fast food people...
You'd be surprised how small countries like Iceland or even Finland try to fit into the global community... Especially young people. They follow trends in the UK, Japan, America, Sweden... "the more famous countries". If you're from one of those countries or any big name country, you probably won't understand what I'm trying to say.
LMFAO. We love Fast Food in Iceland.
@@Starkardur so yall can speak English
@@quanbrooklynkid7776 Majority can, but I don't see what that has to do with loving fast food
You’d be surprised
It's extremely reassuring that at least one country had the sense to raise tariffs after the banking bubble popped. I'm sure Icelanders will get over the loss of the McDouble.
tariffs are stupid. free trade is the best.
McDonald's also open and closed within 6 months in Barbados - for about the same reason in 1999
I haven't eaten att McDonalds since 1999.. and i don't miss it at all...
You're so brave.
Impressive! I have been there last, 3 years ago and got a large fries 🍟 was sick for two days after that.
My mom wouldn't let me eat it as a kid and it's been at least 40 years since I had it. We have Harvey's in Canada and they make a wicked veggie burger.
I am also from Canada like the veggie burger from Harveys, fries aren't good at harveys dough, I also like the Beyond meat burger from A&W@@JSkyGemini
TherealMckoy From fries?? 😮
It's amazing how Americans just see the world economy through their eyes. In my country food can be much more expensive for us locals but it's seen as cheap food because in dollars it's a bargain. What if a big mac costs $6. someting, what does it mean for locals?
where are you?
One thing i have noticed with Americans. perhaps they dont see it themself. is driving long distances for supermarket (wallmart,kmart,costco and others. try to save up few dollars on shopping but mainwhile they drive cars with large engine which waste alot of gasline . i dont get it . spending on fuel from your own bugdet and try to save same few dollars on supermarket.
complaining about prices samewhere else in the world how its expensive mainwhile in US if you buy for food +plus tip is not so cheap as people might, i bet overall US is not as cheap as it seems. compare to EU countries.
As you go northern in Europe . more expensive its going to be.
Icelander here currently living in Japan, I'm an exchange student living in dorms and often hang out with the Americans and its ridiculous sometimes refuse to eat out or go get a tiny McDonald burger just cuz the food is too "expensive". One refused to go to a restaurant where she couldn't get anything for 10$ or less. Here I'm often eating out (too often) but I'm getting meals here for 10-20$ (food and drink usually alcoholic) and same meal in Iceland would cost up to 50$ if not more. Japan is also a island and has to import a lot, to me the strawberries here are cheap costing around 4-5$ a basket, same in Iceland would be 6-10$ even if locally grown. The Americans stutter at those prices. Don't seem to realise that not everything can be grown locally etc. In Iceland 6$ burger is something I would be very suspicious of because a good gas station burger is 7-8$ 10-12 if a a full meal fries and a drink.
Iceland is a rich country with high wages and some of the best living standards in the world, $6 for fast food is nothing to most who live and work there. America meanwhile has armies of poor people who are paid minimum wage or don't work, so cheap low quality food is very popular, I would even say mainstream culture. The fact that only 3 branches of Mcdonalds were opened shows that Iceland did not love their food. Quality is low and most people living there earn a good income...I am sure most were willing to pay more for a better meal, except during the 2008 financial crash when everyone in the country got screwed over.
Niklez7 very simple, their perception on the gas and the few dollars discount from supermarket
Just like my country here , gas price increase 10cents = 0.025usd per litre , u can see long queue with Mercedes and bmw waiting to fill up their gas day before the gas price goes up
I love how not wanting multination corporations to rule the world is considered a bad thing these days. Globalism!!! Yay!!!
Didn't know Iceland is a "state"