Mired in ownership battle, McDonald's shuts 80% outlets in Delhi-NCR

Ownership tussle between Vikram Bakshi & McD dented CPRL's growth, hurt profitability since 2013

Fast food major McDonald's is shutting nearly 80 per cent of its stores across Delhi-NCR starting today. Connaught Plaza Restaurants Pvt Ltd (CPRL), which runs the McDonald's franchise for North and East India, has been forced to close down 43 of its 55 outlets in the region as it failed to secure regulatory health clearances to keep the business rolling.

“The eating house licenses of a number of McDonald's restaurants in Delhi have expired. The board of CPRL is working to obtain the required licenses. Pending this, CPRL is temporarily suspending the operations of the affected restaurants. While there