McDonald’s settles with former India partner, to reopen restaurants in two weeks

BENGALURU (Reuters) – McDonald’s Corp’s Indian arm has reached a settlement with former partner Vikram Bakshi, acquiring full ownership in their joint venture Connaught Plaza Restaurants Ltd, the company said in a statement.

Visitors are seen at a McDonald’s restaurant in Mumbai February 10, 2015. REUTERS/Shailesh Andrade/File Photo

“Today’s ownership transfer marks an important and positive milestone for McDonald’s in North and East India,” McDonald’s said.

The U.S. fast food chain was involved in a long-standing legal battle with Bakshi, claiming his company, which operated outlets of the chain in north and east India, breached the terms of their franchise agreements.

The company has closed its restaurants in North and East India to conduct a “comprehensive assessment of operational protocols and employee training,” the statement said, and added that the restaurants will be opened over the next two weeks.

Bakshi did not immediately respond to Reuters’ request for comment.

The company appointed Robert Hunghanfoo as head of Connaught Plaza.



Please enter your comment!
Please enter your name here

Yes, I would like to receive emails from DESI TALK Headlines!. Sign me up!

By submitting this form, you are consenting to receive marketing emails from: News India Times | Desi Talk Headlines | Desi Talk Chicago, 35 JOURNAL SQ, JERSEY CITY, NJ, 07306, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact