McDonald’s to shut down 169 outlets in India

McDonald’s is shutting down 169 stores in India, which may lead to more than 10,000 people losing their jobs.

The US burger chain, which has a presence in around 119 countries, said on Monday that it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements. CPRL is a 23-year-old 50:50 joint venture (JV) between Vikram Bakshi and McDonald’s India.

This means CPRL, which runs McDonald’s operations in north and east India, including Delhi, will not be able to use the chain’s logo, branding, trademarks and recipes within 15 days of receiving the termination notice.