We have grown up wanting all those happy meal’s toys throughout our childhood. Unfortunately, there will be no more running to the nearest McDonalds Outlet with siblings or friends for a delightful meal of burgers and French Fries. There would be no more stopping by for a McSwirl at the eatery near your school.
The fast food joint has decided to shut down 43 out of 55 outlets belonging to the Capital.
The primary reason for this action is the entrance of rival restaurants such as KFC and Dominos. There was an effect on the profitability as the other outlets continue to grow.
This decision of shutting down the outlets was confirmed on the 28th June over a Skype meeting.
A former MD of CPRL reported to the media, “It’s unfortunate, but the operation of 43 restaurants operated by CPRL has been temporarily suspended.”
CPRL stands for Connaught Plaza Restaurants Pvt Ltd which currently operates 168 hotels in India. It is a 50-50 local joint venture owned by Vikram Bakshi and the US-headquartered McDonald’s operating in north and east India.
Reportedly, 1700 people employees would be jobless.
CPRL failed to arrange the compulsory regulatory health licenses renewed because of the conflict between Bakshi and McDonald’s.
Bakshi was dislodged as the MD in 2013, and then McDonald’s went to London Court of International Arbitration against Bakshi.
43 outlets are closed, but you can still dine at McDonald’s at the outlets in Sarojini Nagar, Saket PVR, Karol Bagh, Chandni Chowk, South Extension 2, Ambience Mall Vasant Kunj, Connaught Place, Kashmiri Gate, Ansal Plaza and Gurgaon.
(NOW READ: 16 Interesting Facts About McDonald’s)