McDonald At Udaipur Shut Down
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Published on : 01 Jan, 18 11:01
Udaipur: The Global Burger flavour was brought to Udaipur in the form of McDonald’s, which had been the flagship store at The Celebration Mall, Udaipur since 2011. Now, McDonald’s at Udaipur will cease to exist, at least for some time, if the spat between the global food giant and its Indian partner Connaught Plaza Restaurants Pvt Ltd (CPRL) doesn’t get sorted out soon. Udaipur might no longer be able to retain its McDonald’s store.Over the last 45 days since the issue came to light, the 169 North and East Indian outlets of McDonald’s have affected due to the termination of the franchise agreement between CPRL and McDonald’s India Pvt Ltd (MIPL).
The association between CPRL and MIPL was a 50:50 JV operating under a 25 year agreement clause since 1995. It was on 21st August this year that a 15 notice of termination was served by MIPL to Vikram Bakshi’s CPRL.
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The association between CPRL and MIPL was a 50:50 JV operating under a 25 year agreement clause since 1995. It was on 21st August this year that a 15 notice of termination was served by MIPL to Vikram Bakshi’s CPRL.
© CopyRight Pressnote.in | A Avid Web Solutions Venture.