McDonald's re-opens 13 outlets in Delhi after settlement with Vikram Bakshi
Updated : May 19, 2019 02:06 PM IST
Earlier this month, McDonald has said it has reached an out-of-court settlement with Bakshi, buying out CPRL from their joint venture for an undisclosed amount.
McDonald's and Bakshi had in 1995 signed a partnership agreement to open outlets of the US fast food chain in India. It was for a period of 25 years.
In 2017, McDonald's terminated CPRL's franchise agreement, which ran 169 outlets in the northern and eastern India, citing non-payment of royalties.
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