Mcdonald's India may soon appoint a licensee partner for the North and East India region.
In August this year, McDonald's terminated franchise agreement for 169 out of its 430 fast food outlets operated by Vikram Bakshi-led Connaught Plaza Restaurant (CPRL) in North and East India, alleging breach of contract terms and payment default by the operator. But Bakshi continued to operate the outlets, awaiting an amicable solution by the courts or an acceptable offer by McDonald's to buy out his stake in CPRL.
Meanwhile, a McDonald's India spokesperson said, "We are actively progressing towards finding the right developmental licensee partner for the region, so that we can grow the business."
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks