In the first quarter (Q1) of the ongoing financial year ending June 30, Westlife Foodworld, which operates McDonald's outlets in the South and West, reported an 88 per cent drop in net profit. While net sales remained flat, its same-store sales growth (SSSG) fell by 6.7 per cent, impacted by "subdued in-store business, although the off-premise segment saw positive same-store sales", the company said.
Langer puts faith in deputy ahead of ODI series in India: 'He's an excellent coach, we've got other excellent coaches to back him up. I said to him I won't ring him, I'll let him go. He said 'I might ring you', that's the difference. He'll do a really good job'
Vikram Bakshi, who controls 50% in JV and was MD, weighs legal options
Australia announced a 16-member squad on Thursday with several fresh faces added to the group that played India in the fifth and final Test at Sydney last week. Australia won the marquee series 3-1.
Food retailing major McDonald's opened its first restaurant at Kolkata's Park Street.
On August 30, McDonald's had announced in a public notice that Bakshi would no longer be the India MD and the JV would be run by the board.
Plans to invest Rs. 500 crore over the next three years in West and South India.
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The war of words that has broken out between Vikram Bakshi and McDonald's Corporation is the latest in the long list of ugly spats between Indian businessmen and their overseas collaborators.
McDonald's India has charted out expansion plans to cover East India and said it will add 25 new restaurants this year to take its total to 110.
'Steve had expressed a desire to move back down from that opening position.'
Davis Cup heavyweights Australia and the United States eased through the first qualifying round on Saturday but Britain were knocked out as Japan hit back from 2-1 down to win 3-2, while Denmark staged a dramatic comeback to overcome Serbia.
Vikram Bakshi, the estranged partner of fast-food chain McDonald's, will seek reinstatement as managing director of the 50:50 joint venture Connaught Plaza Restaurants, with a plea to the Company Law Board seeking the 'deadlock' in the August 6 board meeting be resolved.
Bhambri, Nedunchezhiyan-Prashanth reach ATP 250 doubles finals in China
In the latest initiative, the US food giant has roped in popular Indian cartoon character Chhota Bheem to sell various items through its retail outlets in India.
How to shield brand McDonald's? While consumers may have ignored the legal battles plaguing the franchise in north and east India, closure of restaurants is not something they are likely to ignore.
The Xi'an branch of US-based fast-food giant McDonald's has withdrawn a commercial, in which a Chinese man is shown begging for a discount, as the local public found it "insulting", the state media reported on Wednesday.
The charging infrastructure expansion includes the setup of over 600 DC charging stations by 2030 (including company-owned and company-operated ones) in addition to partnerships with over 10,200 charging points, collaborating with operators like Shell, Charge Zone, and Statiq.
Australia pacer Josh Hazlewood claimed the Men's Test Player-of-the-Year award. It marked his first Australian Cricket Award, with Hazlewood taking 30 wickets at just 13.16 in Tests against the West Indies, New Zealand, and India.
'It's not jabs anymore. Sunny is throwing haymakers over the top.'
43 McDonald's outlets in New Delhi-National Capital Region were forced to down shutters following lapse of their eating-out or health licences in June.
The war of words that has broken out between Vikram Bakshi and McDonald's Corporation is the latest in the long list of ugly spats between Indian businessmen and their overseas collaborators.
'He showed an awareness of what was required, which belied the fact that he was making his Test debut.'
With an aim of wooing young customers in India, fast food chain McDonald's is getting into the digital domain by launching applications for mobile phones and computers which will enable visitors at its outlets witness illusion of menu on offer.
Australia head coach Andrew McDonald on Saturday showered praise on David Warner and said that he is probably the greatest all-format Aussie player.
The Australian team doesn't have the time to think about India's incredible victory at the Gabba in 2021 and ahead of their face-off at the same venue almost four years later.
Australia are already without another regular all-rounder in Cameron Green, who was ruled out of the India series after opting to have surgery on a stress fracture in his lumbar spine.
Australia coach Andrew McDonald is unperturbed by batter Marnus Labuschagne's recent run of low scores, saying that there are going to be "ebbs and flows" in one's Test career and the team is much more concerned about their batting line-up performing well as a collective.
A summary of Friday's action in the Davis Cup group stage matches.
McDonald's India, with an eye to expand in East, may open restaurants at Hindustan Petroleum Corporation Ltd (HPCL) outlets in Kolkata during the year.
McDonald's has argued that the dispute with its Indian joint venture partner Vikram Bakshi should be referred to arbitration as per the clauses of their agreement.
'I'd like to probably err on the side of preparing him through red ball. We know how good a white-ball player he is so you put a priority on what it looks like next summer.'
McDonald's, official restaurant sponsor for the FIFA World Cup 2006, will kick start its in-store football promotion for kids Foosball Freekick from June 6.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Vikram Bakshi on Friday offered to sell his 50 per cent stake in Connaught Plaza Restaurants, the joint venture with McDonald's that operates fast-food restaurants in north and east India, for Rs 1,800 crore (Rs 18 billion).
With noses bloodied and pride stung from the pounding in Perth, Australia will look to hit back with the pink ball in the second Test against India at Adelaide Oval.
Amit Jatia, managing director, McDonald's India, (west & south) in an interview with Deepa Menon speaks about the company as well as its future plans in India.
