Thu, Sep 14, 2017
In its 2:1 majority award, the arbitration panel has asked Bakshi to transfer his 1,45,600 shares in the 50:50 joint venture Connaught Plaza Restaurant Ltd (CPRL) to McDonald's India at a fair valuation in accordance with their JV agreement, they said.
More >
Thu, Sep 07, 2017
This means the fate of 169 McDonald's stores in north and east India hangs by a thread as CPRL's licence to operate the outlets lapsed on September 5.
Sun, Aug 27, 2017
Other than the 6,000 employees staring at job loss, several partners like frozen food suppliers, dairy product and sauce suppliers as also mall operators are up against an uncertain future as the long-term agreement with the food chain now hangs in the balance.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
