Get DO Help

Mcdonald’s Buys Out Partner, Will Temporarily Shut 165 Outlet

Mcdonald’s Buys Out Partner, Will Temporarily Shut 165 Outlet

US fast-food chain McDonald’s has decided to temporarily close 165 of its Quick Service Restaurants (QSRs) in north and east India after it announced an out-of-court settlement with its estranged India partner Vikram Bakshi, ending its almost six years of acrimonious legal battles. As part of the deal, the US-based company has bought out Vikram Bakshi’s 50 per cent stake in Connaught Plaza Restaurants Pvt Ltd (CPRL) that runs and operates McDonald’s outlets in northern and eastern India.

“With the transfer of ownership and management today, Mr. and Mrs. Bakshi end their association with CPRL and McDonald’s, McDonald’s said in a statement. The settlement marks the end of the uncertainty for the staff at these McDonald’s outlets and is good news for consumers of the Big Mac Burgers.

The company, however, did not reveal the financial details of the transaction. The buzz in the market is that the deal was closed at around Rs 1,200 crore. 

Vikram Bakshi is reportedly in discussion with McDonald’s rival burger chain Wendy’s for franchise rights. Wendy’s runs over 6,600 restaurants globally. At present, it operates less than 10 QSRs in India and has deferred plans of opening up to 50 outlets as planned earlier.

Humble Request : If you want to help needy an poor people worldwide then you can choose below ways to help them.

  1. Advertise With Us and Help Needy and Poor People - Advertise with us and help needy and poor people because we use all income from Get Do Help Portal by advertisement or by donation or by any other ways like Google AdSense and other sites will use for help needy and poor people worldwide only. So advertise your website or products to increase your brand popularity and sales and help needy and poor people indirectly.

  2. Register with us as volunteer and register needy people nearby you at Get Do Help portal. You will get credit points for each verified needy people registration at our portal. So you can earn with social work at get do help portal.

  3. Donate things or products like marriage clothes, shoes, book, vehicle, land etc. and we will list those items after received successfully to our portal and needy people can apply to get those products here.

  4. Donate Money means you can donate directly to any needy people registered here or can donate directly to us. We will use all donation to help needy people offline and online. All details will be available at our portal that what amount we use where.

  5. Buy Credits, If you don't want to donate but want to help then you can choose our "Money Back Offer", with this package you will buy credits for at least 6 months or 12 months and after this duration you can apply for your money from your My Account Section and we will pay you with applicable interest (about 1% to 3%). By this way you help us to grow our services more and your money is completely safe with us. 

  6. If you are not able to help by money or donate products then share our blog, website, needy people profile to social platform like on Facebook, Twitter, LinkedIn etc. to make us popular worldwide to help needy and poor people worldwide and you will get credits for share also. So you are helping us and needy people to explore more and more worldwide to find donors and you will earn also.

So share your hand with us. And do some social work to help needy people worldwide from one and only one portal Get Do Help.

Related keywords : mcdonald buys out partner, mcdonald temporarily shut 165 outlet, get do help news, get do help

Recent Comments

Leave Comments