43 of the capital’s 55 McDonald’s will close today because their licenses have expired, according to the Press Trust of India.
Several newspapers reported a dispute between the Indian franchisee that runs the fast food chain in North India – a company named Connaught Plaza Restaurants Pvt Ltd – and McDonald’s.
“The decision to close down the outlets was taken during a board meeting via Skype on Wednesday morning,” reported The Economic Times.
Some reports said 1,700 employees will lose their jobs and that as a consequence of the dispute which began a while ago, health clearances for the Delhi outlets were not renewed.
The former top boss of the Indian firm, Vikram Bakshi took the international giant to court in 2013 after it said he could not remain the managing director of the equally owned joint venture, reported Business Standard.
Let’s block ads! (Why?)
Via:: Indian cities – NDTV