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McDonald's to Battle Upscale Coffee Retailers

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McDonald's to Battle Upscale Coffee Retailers

Food

McDonald's to Battle Upscale Coffee Retailers

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RENEE MONTAGNE, host:

There maybe new prestige in the everyday, but the everyday is going upscale. Today's last word in business is McMochas.

First, McDonald's upgraded its drip coffee. And this month McDonald's announced it will start making lattes and cappuccinos. The world's largest restaurant chain says its fancy coffee drinks will cost 50 cents less than Starbucks. But McDonald's franchise owners don't want to pay for the new equipment, and if enough store owners refuse to serve up lattes, McDonald's could end up with Egg McMuffin on its face.

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