McDonald’s buys out Vikram Bakshi, ends six-year-long dispute - News Summed Up

McDonald’s buys out Vikram Bakshi, ends six-year-long dispute


McDonald’s India Pvt. McDonald’s India did not disclose the financial details of the transaction. Over the next one-two weeks, McDonald’s India will review its over 160 outlets in north and east India, Barry Sum, director of corporate relations for Asia at McDonald’s, said in an interview. However, the company is still actively looking out for a partner for its north and east India business. McDonald’s acknowledges the significant work and contribution of Mr. Bakshi in establishing McDonald’s restaurants in North and East India," the company said in a statement.


Source: Mint May 09, 2019 19:30 UTC



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