- Friday, April 19, 2024
By: Eastern Eye Staff
McDonald’s said on Monday it is shutting 169 restaurants in India after a legal row with a local franchise operator. The fast food chain’s Indian subsidiary said it was terminating its agreement with Connaught PLaza Restaurant Ltd (CPRL), alleging breach of contract and payment defaults. The move means all McDonald’s outlets in north and east India including the capital New Delhi will close, although the company said it would look for a new partner. McDonald’s outlets will remain open in south and west India, where it uses a different franchise operator. “We have been compelled to take this step because CPRL has materially breached the…
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