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.
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