Friday, July 19

Tag: McDonalds

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal
ACQUISITION

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal

McDonald’s Corporation (McD) has acquired an AI-based startup Dynamic Yield in a $300 million deal. Dynamic Yield is a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, McDonald’s builds on its first technology acquisition for growth.  McDonald’s will utilize this decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. The decision technology can also instantly suggest and display additional items to a customer’s order based on their current selections.    This will enable McDonald’s to be one of the first companies to integrate decision technology into the custome...
McDonald’s Running its Indian Business Amid all The Losses
BUSINESS

McDonald’s Running its Indian Business Amid all The Losses

The 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 this was because of a five-year-old official disagreement with CPRL. In this regard, McDonald’s India said, “Considering that CPRL is having significant accumulated losses as of date and considering that the company has terminated all its franchise arrangements in favour of CPRL, the management feels that its investments in CPRL are impaired and accordingly a provision of Rs 198.20 crore has been considered in the financial statements of the company for diminu...
McDonalds Vs Bakshi: NCLAT To Study LCIA Award Before Further Action
News

McDonalds Vs Bakshi: NCLAT To Study LCIA Award Before Further Action

The 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. (more…)
McDonalds Dispute Puts Channel Partners At A Sticky Spot
News

McDonalds Dispute Puts Channel Partners At A Sticky Spot

Food 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. (more…)
McDonalds May Shift Some Jobs to India in Cost-Cutting Move
News

McDonalds May Shift Some Jobs to India in Cost-Cutting Move

Fast 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 functions to India in what could be a larger controversial push toward outsourcing," it quoted sources familiar with the company's plans as saying. A regional office in Columbus, Ohio is among the first casualties of the cost-cutting. McDonalds described the facility's closing as part of "plans to permanently restructure its operations and eliminate a number of roles," in a May 13 letter the company sent to city officials. The layoffs will begin in ...