After the recent developments wherein 43 of its 55 outlets in Delhi shut down, McDonald’s India is closing 169 outlets in North and East India! In an agreement with the Connaught Plaza Restaurants Pvt. Ltd. McDonald’s closed will be closing its doors in the next 15 days!
30 Second Window:
- Sources say that McDonald’s will be looking for a new licensee partner for its outlets in the two regions.
- McDonald’s move could result in the loss of jobs for thousands of its employees, and hamper contracts of its suppliers!
- This move comes 2 months after 43 of McDonald’s 55 outlets in Delhi shut down as local authorities refused to renew their licences!
- In fact, McDonald’s claimed that they had been compelled to take this step because CPRL had materially breached the terms of the respective franchise agreements.
DforDelhi Recommends:
- That you worry not, McDonald’s has said that it will be looking for new partners! So, don’t worry, that alloo tikki will be back!
In the meanwhile, do check out the full story on how many people will lose their jobs here.
