The Telangana government on Wednesday announced a major partnership with global fast-food chain McDonald's, which will set up its Global Office in Hyderabad. The Global Office is being planned with an initial headcount of 2,000 employees, a release from the CMO said. Telangana Chief Minister A Revanth Reddy and McDonald's Chairman and CEO Chris Kempczinski closed a major partnership spanning several areas, including McDonald's investing in the Global Capability Centre (GCC), it said. "In a meeting with McDonald's Chairman and CEO Chris Kempczinski, who was accompanied by Skye Anderson, President Global Business Services, Jon Banner, Chief Global Impact officer and Deshant Kaila, Head, GBS India, the two sides reached a final agreement," the release said. CM Revanth Reddy expressed delight that McDonald's Global Office in India was going to be located in Hyderabad, after he personally ensured the state gave the best offering to the multinational to ensure a positive outcome in the .
Westlife FoodWorld stock rose after it elevated Akshay Jatia, presently executive director (whole-time director) as chief executive officer (CEO), in place of Amit Jatia, effective March 19
The restaurant operator's consolidated profit after tax stood at Rs 7.01 crore ($810,123.66) for the three months to Dec. 31, lower than Rs 17.25 crore a year ago
McDonald's India faces a steep sales decline due to geopolitical turmoil in West Asia, with some stores in West and South India seeing sales drop to less than half of pre-crisis levels
McDonald's CEO Chris Kempczinski said the company was focused on affordability as customers continue to be mindful about spending
The company had posted a consolidated profit after tax (PAT) of Rs 22.37 crore in the corresponding quarter previous fiscal, Westlife Foodworld Ltd (WFL) said in a regulatory filing
While high levels of food inflation continue to impact raw material prices, lingering effects of inflation are making consumers pull back on discretionary spends, lending to the sector's slowdown
Revenue from operations was little changed at Rs 616 crore
The ruling can be appealed to the Court of Justice of the European Union, Europe's highest
The ruling can be appealed to the Court of Justice of the European Union, Europe's highest
The company's existing value offerings include a $2.99 chicken wrap and a $5 deal that includes two Whopper Jr. burgers
McDonald's faced backlash from its franchises in some Muslim countries in October following a move by the company's Israeli restaurants to give free meals to the Israeli military
'We expect traffic to continue to be negative, believe the average check will remain under pressure from the heavy discounting to recover lower-income consumer traffic,' BTIG analyst Peter Saleh said
Authentic people are those who stay true to themselves, their values, and their beliefs
Reports of system outages at McDonald's are growing around the world, shuttering restaurants and leading to social media complaints. McDonald's in Japan posted on X, formerly Twitter, that operations are temporarily out at many of our stores nationwide." It added that it apologized for the inconvenience. The website Downdetector also reported a spike in problems with the McDonald's app in the last couple of hours. Media outlets reported that customers from Australia to the U.K. have complained of issues with ordering, including a customer who posted a photo to X that saying a kiosk was unavailable.
This was the fourth consecutive quarter of a decline in LFL growth for the pizza market leader
FSSAI said in a release that the verification confirms after its assertion that it uses 100 per cent real cheese and not its substitute
Westlife Foodworld recently came under fire after one of its outlets reportedly used substitutes in place of real cheese in burgers and nuggets at an outlet in Maharashtra
Move comes after Maharashtra FDA accused chain of using cheese substitutes in burgers and nuggets
McDonald's has denied accusations of misleading consumers by using substitutes in place of real cheese in burgers and nuggets