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McDonald’s to shut 169 outlets in India alleging ‘breach of contract

McDonald’s to shut 169 outlets in India alleging ‘breach of contract
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McDonald’s said on Monday it is shutting 169 restaurants in India after a legal row with a local franchise operator.
The fast food chain’s Indian subsidiary said it was terminating its agreement with Connaught Plaza Restaurant Ltd (CPRL), alleging breach of contract and payment defaults.

Read the full story at http://timesofindia.indiatimes.com/business/india-business/mcdonalds-to-shut-169-outlets-in-india-alleging-breach-of-contract/articleshow/60160215.cms

SOURCE: Times of India

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