McDonald’s ends business with Indian partner

Publication

18 September 2017 à 16h23

Updated on 10 May 2019 à 17h38

Reading time

2 minutes

Publication: 18 September 2017 à 16h23, Updated on 10 May 2019 à 17h38

Reading time: 2 minutes

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Publication

18 September 2017 à 16h23

Updated on 10 May 2019 à 17h38

Reading time

2 minutes

Publication: 18 September 2017 à 16h23, Updated on 10 May 2019 à 17h38

Reading time: 2 minutes

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In August 2017, McDonald’s (revenue of US$6.05 billion in Q2 2017, down by 4%) ended an historic joint venture with Connaught Plaza Restaurants Ltd (CPRL). This was the 2nd largest Indian partner, running 169 restaurants in the East and the North.“This move puts at stake job losses of employees in these outlets, loss of sales and impact on market share”, said Mr.Ankur Bisen, C.E.O at Technopak Advisors based in Gurgaon. “It could also lead toan expensive process of closing current locations...

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