Patch up brings end to nearly 6-year old tussle, terms to be submitted to NCLAT by May 13.
It is palpable that McDonald's India is no longer what it used to be
Bengaluru will be the second city after Mumbai where these stores will be unveiled
NCLAT has ordered them to file replies on cross petitions filed against each other within a week
Look to poach employees, take over real estate
The stock of Westlife Development which is the McDonald's franchisee for western and southern India gained 7 per cent in trade on Tuesday on expectation that it could be the frontrunner to add the northern and eastern part of the franchisee to its existing operations. McDonald's on Monday terminated its agreement with Connaught Plaza Restaurants (CPRL) which was operating in the two regions under a joint venture. In a note on Tuesday, CLSA indicated that a pan-India presence would bring scale benefits for Westlife while McDonald's would swiftly regain lost ground given the ongoing dispute with the existing partners impacting its brand and quality of service. A quick resolution would be in the company's interest as any delays would benefit competitors such as Domino's, Pizza Hut and KFC. If it were to get the franchisee rights, the key advantage for Westlife would be an opportunity to diversify into newer markets and scaling up from current levels, says an analyst. Economies of scale ..