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18 of the 43 McDonald’s outlets in capital reopened: Vikram Bakshi


NEW DELHI: McDonald’s estranged partner Vikram Bakshi on Tuesday re-opened 18 out of the 43 McDonald’s restaurants that had shut down in June on account of non-renewal of eating house licences.

Confirming the same, Bakshi, managing director of Connaught Plaza Restaurants Ltd (CPRL), said: “The board of CPRL under the chairmanship of Justice GS Singhvi had passed a resolution on September 17 to reopen 21 restaurants for which health licences have since been received, and 18 of those restaurants in Delhi have reopened today (Tuesday).”

McDonald’s had terminated its agreement with equal joint venture partner CPRL on August 21, stating that CPRL would not be authorised to use the McDonald’s branding, trademark, design and marketing policy rights within 15 days of the termination notice, starting September 6.

However, many of the 169 stores across the north and east region have been operating even past the deadline set by the termination notice. A McDonald’s India spokesperson said: “CPRL is required to cease using McDonald’s System and is no longer authorised to operate McDonald’s restaurants. We will continue to take steps to exercise our legal and contractual rights.”

Bakshi said the decision to reopen the stores was taken by the board of CPRL “in the best interest of the employees, vendors, landlords and all stakeholders.” “We stand ready to collaborate with anyone in order to achieve a positive outcome for all stakeholders,” he added.

Source: The Economic Times

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