McDonald's May Move Headquarters To Oprah Winfrey's Old Harpo Studios

03-Jun-2016 - USA

Fast food chain McDonald's is in advanced talks to shift its headquarters to Oprah Winfrey's former Harpo Studios site, reports said.  

The Big Mac-maker, which has been looking for a new home for sometimes now, is in talks with developer Sterling Bay to create a 300,000 square foot campus in Chicago as its new headquarters, reports said. It is likely that the move will take place in 2018. 

McDonald's is now based in the Chicago suburb of Oak Brook, Illinois, and employs more than 2,000 people in the village. 

Sterling Bay had bought the property from Winfrey's Harpo Studios in Chicago's Near West Side in 2014 for $30.5 million. The studio shut down the production last December. 

The company reportedly was close to moving into One Prudential Plaza in downtown Chicago, but backed off the deal last September. 

Last month, at the company's annual shareholder meeting, McDonald's CEO Steve Easterbrook had commented, "We will leave no stone unturned and we will also consider where the best location for the office is and the best facilities. If you want a world class team you've got to provide a world class environment." 

To bring back customers, who are moving away from processed food stuff, McDonald's has been trying to modernize itself. In recent times, the company has been trying different menu offerings in different locations. (dpa) 

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