By this weekend all 84 McDonald's outlets to be re-opened. McDonald's estranged partner Vikram Bakshi today said all the 84 outlets in east and north India that were forced to shut down after discontinuation of supplies by the logistics partner will reopen by this weekend.
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The outlets mostly in east India and some in north, had to shut on December 25 after Bakshi-led CPRL's logistics partner Radhakrishna Foodland discontinued its supply services alleging reduction in volume and non-payment of certain dues, among other. Bakshi, however, roped in new logistics vendor ColdEX to resume supply to the affected outlets. He denied the charges, saying Radhakrishna Foodland in collusion with McDonald's India is trying to hurt the business and there is no regular payment default.
"Right now 64 of them have been re-opened and by the end of this week all the 84, which were temporarily hit, will resume operation," Bakshi told PTI. On the other hand, Bakshi has challenged termination of the franchise agreement and both the parties are fighting it out at the respective courts.
Meanwhile, the London Court of International Arbitration (LCIA) has asked Bakshi to sell his stake in the JV firm CPRL to McDonald's, which is pending at the Delhi High Court.
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