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McDonald’s outlets now owns Connaught Plaza Restaurants reopens

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McDonald, Connaught Plaza Restaurants, Fast food retailer, Business news

New Delhi: Connaught Plaza Restaurants Private Ltd (CRPL), now wholly-owned by food service retailer McDonald’s, has re-opened 13 of its restaurants in Delhi starting 11 am on Sunday, a statement by McDonald’s said.

These are the first McDonald’s restaurants to be reopened after the ownership of CRPL changed hands on May 9. McDonald’s acquired Connaught Plaza Restaurants as the US-based major completed a settlement reached with former joint venture partner Vikram Bakshi.

 

McDonald, Connaught Plaza Restaurants, Fast food retailer, Business news

 

The acquisition ended a dispute between McDonald’s and its joint venture partner with whom the former had formed CPRL, which managed the 165 McDonald’s outlets in north and east India.

The reopened restaurants would provide “more customized” hospitality, “refreshed” menu boards, merchandising and packaging, said the statement.

The restaurants opened on Sunday include those at the Terminal-3 of the Indira Gandhi International Aiport, Connaught Place and Nehru Place, it said.

 

McDonald’s outlet reopens after solving ownership of Connaught Plaza Restaurants:

 

“All other restaurants remain closed, but are planned to reopen over the coming days and weeks as we complete the work needed to ensure customers receive the best possible experience when they visit us,” it said.

According to company, the work in the restaurants during the intervening period has been focused on a number of areas including restaurant and equipment maintenance, technology audits, menu and marketing updates and employee training.

 

McDonald, Connaught Plaza Restaurants, Fast food retailer, Business news

 

It, however, said: “We are also not able to offer delivery until we have more restaurants up and running to ensure we can service our usual delivery area.”

McDonald’s and Vikram Bakshi had signed a partnership agreement in 1995 to open outlets of the US food service retailer in northern and eastern India for a 25-year period and formed the joint venture CRPL, with both having 50 per cent stake.

In 2017, McDonald’s ended the franchise agreement with CPRL over non-payment of royalties which resulted in a legal battle eventually culminating in an out-of-court settlement earlier this month.

 

Business

Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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