June 6th, 2018The world’s largest fast-food chain McDonald’s is reportedly facing a huge amount of loss in India. McDonald’s India has announced its biggest loss amounting to INR 305 crore in the financial year ending in March 2017, after canceling the investments in Connaught Plaza Restaurants (CPRL) which ought to be its licensee partner. All...
September 21st, 2017The National Company Law Appellate Tribunal (NCLAT) today said it will study the award of the London Court of International Arbitration (LCIA) that asked McDonalds estranged partner Vikram Bakshi to sell his stake in the JV firm CPRL to the US-based fast food chain last week.
While listing the matter on October 25, the appellate...
August 27th, 2017Food and raw material suppliers, mall operators and employees of McDonalds are an agitated lot these days because of its decision to close 169 outlets across north and east India in view of its legal battle with franchise partner Vikram Bakshi.
Other than the 6,000 employees staring at job loss, several partners like frozen food...
June 18th, 2016Fast food giant McDonalds may be planning to outsource jobs to India as part of a USD 500 million cost reduction plan it announced last November, a media report said.
A report said McDonalds is shedding jobs as part of a USD 500 million cost reduction spearheaded by Chief Executive Steve Easterbrook.
"McDonald is also moving some...
