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McDonald's CPRL part ways, 169 outlets, thousands of jobs in jeopardy

McDonalds India on Monday announced it had terminated its franchise agreement with Vikram Bakshi's Connaught Plaza Restaurants. The 169 restaurants operated by the latter will have to stop using the McDonlad's brand name within 15 days. Connaught Plaza Restaurants Pvt...

McDonald's to move against NCLT's order reinstating Vikram Bakshi as MD

US fast food chain McDonald's is likely to move NCLAT this week against a National Company Law Tribunal's (NCLT) order that reinstated Vikram Bakshi as Managing Director of its Indian joint venture Connaught Plaza Restaurants Pvt Ltd (CPRL), as per a PTI report. With...

McDonald's to open 2,000 new restaurants in China

The US fast-food chain McDonald's announced on Tuesday it is set to open nearly 2,000 new restaurants in China over five years as part of a strategic partnership with Citic and the Carlyle Group. McDonald's Corporation said in a statement...

Westlife Development reports Rs 22 lakh net profit in Apr-Jun

Westlife Development, the owner and master franchisee for McDonalds restaurants in west and south India, has reported a net profit of Rs 22 lakh in April-June quarter as against a loss of Rs 2.1 crore in the comparable quarter...

McDonald's explores legal options post-NCLT verdict on Vikram Bakshi

Fast food major McDonald's today said it is exploring legal options after the NCLT restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza Restaurants Ltd (CPRL). According to a PTI report: Besides, restoring Bakshi as the...

Oberoi Mall to explore Omnichannel route, to launch premium mixed-use retail projects by 2020

Envisioned as a fashion and entertainment destination, Oberoi Mall opened its doors for shoppers on April 15, 2008. Situated on the Western Express Highway and with a GLA of 5,50,000 sq. ft., Oberoi Mall has occupied a significant position...

Closure of 43 McDonald's in Delhi will not hurt the brand in other parts of India: Hardcastle Restaurants

Closure of 43 McDonald's outlets in Delhi is a local issue and it has not hurt the brand in other parts of India, according to Hardcastle Restaurants, the licensee of the US fast food chain for West and South...

GST to help in adding new stores in non-metro: Hardcastle Restaurants

Hardcastle Restaurants, the franchisee of McDonald's for west and south India operations, said the GST would increase the operational efficiency and help it add new stores in non-metro places. According to a PTI report: The company, which now operates around...

43 McDonald's outlets in Delhi operated without valid licence for three months

American fast food chain McDonald's 43 outlets in the national capital operated for nearly three months from April 1 without valid 'health licences' from local authorities, its estranged India partner Vikram Bakshi alleged. According to a PTI report: Last month,...

BookMyShow enters food tech space with acquisition of Mumbai-based Burrp

BookMyShow has acquired Mumbai-based local food and restaurant search engine, Burrp in an all cash deal from Network18. This Network18 divestment has been made to Foodfesta Wellcare Pvt. Ltd., a subsidiary of BigTree Entertainment Pvt. Ltd., which owns BookMyShow, according to an ANI report. The acquisition includes...
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The Luxottica report card for 2022

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