McDonald’s estranged partner Vikram Bakshi on Thursday hit out at the fast food major, saying it follows “different standards” for India compared to other countries and continuously ignored the food quality concerns raised by him for the past four years…READ MORE
KEEP READINGIf you live in north or east India, and have a fondness for the distinctive flavours of fast-food giant McDonald’s, it seems you’re going to have a problem. The company’s most popular desserts, the McFlurry, the McSwirl and Soft Serve, are at times unavailable in restaurants across the National Capital Region (NCR) centred on Delhi…READ MORE
KEEP READINGConnaught Plaza Restaurants, a 50:50 joint venture between Vikram Bakshi and McDonald’s, could drag its logistics partner Radhakrishna Foodland to court for abruptly halting supplies to its stores…READ MORE
KEEP READINGThe usually-bustling McDonald’s outlet at HUDA City Centre in Gurugram wore a deserted look with very few customers, filled with an air of uncertainty, under the shadow of the ongoing spat between the US fast food chain and its estranged partner Vikram Bakshi…READ MORE
KEEP READINGMcDonald’s India Private Ltd said it ‘has filed an application… to progress the enforcement of the partial award rendered in its favour by the LCIA’…READ MORE
KEEP READINGRestaurant chain McDonald’s estranged partner Vikram Bakshi said no supplies have been disrupted to McDonald’s stores in the north and east, operated by Connaught Plaza Restaurants Ltd (CPRL) and that all landlords are being paid rentals on time Bakshi, managing director of CPRL (a joint venture between him and McDonald’s India), added that presently, all salaries of employees even for the restaurants that are shut are being paid by CPRL on time…READ MORE
KEEP READINGThough Bakshi’s team has insisted that the restaurants will continue to operate with the McDonald’s brand pending a decision at the next CPRL board meeting, partners and owners of the space where the restaurants are situated are already evaluating other options…READ MORE
KEEP READINGWith this, the fate of 169 stores in north and east India remains in limbo as Connaught Plaza Restaurant Ltd’s (CPRL) licence to operate lapsed yesterday…READ MORE
KEEP READINGMcDonald’s employees in India can breathe easy as Vikram Bakshi, the estranged partner of the global burger chain, said the company’s outlets in north and east India will not shut down anytime soon. Earlier this week, McDonald’s had sent a notice to CPRL, cancelling its franchise agreement…READ MORE
KEEP READINGSome mall owners said they are writing to master-franchisee CPRL to either be compensated the rentals for three months or be given clarity and assurances on re-opening the outlets…READ MORE
KEEP READING