McDonald’s serves notice on India Joint Venture

Mcdonalds-eustan-ventures

McDonald’s has terminated the franchise agreement underpinning its 169 restaurants in northern and eastern India, after nine years of conflict that have weighed on its efforts to expand in the country. When the US burger chain entered India in 1996, it launched two joint ventures, including one with New Delhi property tycoon Vikram Bakshi, which was responsible for McDonald’s outlets…