169 McDonald’s outlets shutting down in North and East India

Sushubh

Creator of new threads from offtopic posts
Staff member
Messages
399,710
Location
Gurugram
ISP
Excitel
Airtel
McDonald's: All 169 McDonald’s stores face closure in North & East, thousands of jobs at risk - The Economic Times

All 169 stores of McDonald’s across the North and East could well disappear within a fortnight, with the US firm announcing the termination of the franchise agreement between its India arm McDonald’s India Private Limited (MIPL) and Vikram Bakshi headed Connaught Plaza Restaurants Ltd ( CPRL) on Monday.

The development could not only wipe out the burger and fries chain, at least temporarily across half the country, but also puts a question mark on thousands of jobs of employees and contracts of suppliers running into crores.

CPRL will not be allowed use of any intellectual properties of McDonald’s at the 169 outlets across North and East India within 15 days of the termination notice, a statement issued by McDonald’s said. The operational licenses of all stores was with CPRL.
 

kkapoorr

(╯°□°)╯︵ ┻━┻
Messages
2,545
Location
Gurgaon
ISP
Airtel 24 Mbps|150 GB FUP| Rs 799 monthly
I read this and this Vikram dude seems shady...
 

Sushubh

Creator of new threads from offtopic posts
Staff member
Messages
399,710
Location
Gurugram
ISP
Excitel
Airtel
Top