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Tuesday , 21 November 2017
Breaking News

McDonald’s 43 outlets shut shop in Delhi

After legal issues cropped up related to the issuance of license, 43 of the 55 McDonald’s outlets in the national capital have shut shop today. The failure to get new licenses is being considered the responsibility of McDonald’s North and East India licensee Connaught Plaza Restaurants Pvt. Ltd (CPRL). The CPRL is registered as a joint venture business entity, with an agreement between Vikram Bakshi and McDonald’s. Responding to the development, Bakshi said that it’s really unfortunate that majority of McDonald’s outlets have stopped operations in the national capital.

It may be recalled that Vikram Bakshi and McDonald’s are currently fighting a legal case for the ownership of CPRL. The case is being heard at the London Court of International Arbitration. The trouble over control of CPRL started after Bakshi was removed from the post of managing director of CPRL. Sources familiar with the development said that more outlets in the national capital could be affected due to expired licenses. However, employees need not be worried since this is a temporary shutdown. All employees have been retained by the board of CPRL. The board is also working to get the required licenses.

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