McDonald's
Food
Settlement with Vikram Bakshi not possible, McDonald's tells NCLAT
Fast food chain McDonald's has informed the NCLAT that settlement of dispute with Vikram Bakshi, its joint venture partner for north and east India, is not possible.
According to a PTI report: The National Company Law Appellate Tribunal (NCLAT), which...
Food
McDonald's skips licensee board meet
McDonald's today stayed away from the board meeting of Connaught Plaza Restaurants Ltd (CPRL) -- licensee of the fast food chain in north and east India -- called by the NCLT-appointed administrator.
According to a PTI report: However, Justice G...
Food
McDonald's-CPRL impasse gives competition burger outlets a meaty advantage
Competitors are rejoicing McDonald's decision to close 169 outlets across north and east India in view of its legal battle with franchise partner, CPRL's Vikram Bakshi.
Group Chairman and Founder of CybizCorp - which runs Carl's Jr. in India -...
Food
McDonald's dispute puts channel partners in a fix
Food and raw material suppliers, mall operators and employees of McDonald's are an agitated lot these days because of its decision to close 169 outlets across north and east India in view of its legal battle with franchise partner...
Food
NCLAT asks McDonald's, Vikram Bakshi to settle dispute
The National Company Law Appellate Tribunal (NCLAT) has asked US fast food giant McDonald's and its estranged Indian JV partner Vikram Bakshi to consider settling their dispute among themselves.
According to a PTI report: Putting off the matter for next...
Food
McDonald’s challenges order to reinstate Vikram Bakshi
McDonald's India said it has challenged before the NCLAT, the order of National Company Law Tribunal (NCLT) reinstating estranged partner Vikram Bakshi as Managing Director of its joint venture, CPRL.
According to a PTI report: Connaught Plaza Restaurant Ltd (CPRL)...
Food
McDonald's CPRL part ways, 169 outlets, thousands of jobs in jeopardy
IANS -
McDonalds India on Monday announced it had terminated its franchise agreement with Vikram Bakshi's Connaught Plaza Restaurants. The 169 restaurants operated by the latter will have to stop using the McDonlad's brand name within 15 days.
Connaught Plaza Restaurants Pvt...
Food
McDonald's to move against NCLT's order reinstating Vikram Bakshi as MD
US fast food chain McDonald's is likely to move NCLAT this week against a National Company Law Tribunal's (NCLT) order that reinstated Vikram Bakshi as Managing Director of its Indian joint venture Connaught Plaza Restaurants Pvt Ltd (CPRL), as per a PTI report.
With...
Food
McDonald's to open 2,000 new restaurants in China
IANS -
The US fast-food chain McDonald's announced on Tuesday it is set to open nearly 2,000 new restaurants in China over five years as part of a strategic partnership with Citic and the Carlyle Group.
McDonald's Corporation said in a statement...
Food
Westlife Development reports Rs 22 lakh net profit in Apr-Jun
Westlife Development, the owner and master franchisee for McDonalds restaurants in west and south India, has reported a net profit of Rs 22 lakh in April-June quarter as against a loss of Rs 2.1 crore in the comparable quarter...
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