McDonald's buys out estranged partner Vikram Bakshi's stake : Bulletin: Business Today
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McDonald's buys out estranged partner Vikram Bakshi's stake

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BusinessToday.In | May 10, 2019

McDonald's vs Vikram Bakshi finally over! American fast food giant buys out estranged partner's stake

McDonald's announced it has reached an out-of-court settlement with its estranged partner in India, Vikram Bakshi. The US-based fast food major has bought out the stake of Bakshi in Connaught Plaza Restaurants Pvt Ltd (CPRL) that operated chain of McDonald's restaurants in north and east India. The company, however, did not disclose financial details of the settlement. With the completion of the deal with Bakshi, CPRL is now wholly owned by McDonald's India Pvt Ltd (MIPL) and its affiliate (McDonald's Global Markets LLC, "MGM").

Facebook co-founder Chris Hughes says it is time to break up the company

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Food services industry to play critical role in India's growth, says Niti CEO Amitabh Kant

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Amazon's Bezos unveils lunar lander project 'Blue Moon'
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