McDonald’s terminates franchise agreement with CPRL for 169 restaurants
McDonald’s India Pvt. Ltd (MIPL), the Indian subsidiary of the American fast food chain on Monday terminated its franchise agreement with Connaught Plaza Restaurants Pvt. Ltd (CPRL), the north and east India licensee of McDonald’s. However, McDonald’s operations in west and south India have not been affected.
The company is now looking for a new developmental licensee partner for north and east India in a bid to rebuild the brand.