Suitors are lining up for McDonald's north and east India operations

Company News

As fast-food chain McDonald’s India and its estranged partner Vikram Bakshi look to settle their six-year-old dispute, suitors are lining up to run the former's operations in north and east India
The RP-Sanjiv Goenka Group and Moon Beverages, which is Coca-Cola’s largest bottling partner, have initiated talks with McDonald’s for Bakshi’s Connaught Plaza Restaurants (CPRL) that runs 165 McDonald’s restaurants in the north and east, the Economic Times reported, quoting three officials aware of the developments. Speculation is rife that Amit Jatia-led Hardcastle Restaurants, which runs McDonald’s outlets in south and west India, may want to run the burgers-and-fries business nationally.

Earlier this week, McDonald’s India and Bakshi opted to go for an out-of-court settlement. Bakshi had in 1995 inked a deal with McDonald’s to open its outlets in India. The partnership was a 50:50 venture between McDonald’s India and Bakshi’s Connaught Plaza Restaurant, wherein the latter would be responsible for opening and managing outlets of McDonald’s in northern and eastern India.
In 2017, McDonald’s India terminated the franchise deal of 169 outlets managed by CPRL citing non-payment of royalties, and asked suppliers to stop dealing with the latter. The suppliers of CPRL included Vista Processed Foods, Schreiber Dynamix Dairies, Cremica Foods Industries and Amrit Foods.


 Earlier in 2013, McDonald’s India had ousted Bakshi from the post of managing director of CPRL. However, he was restored to his position in July 2017. Subsequently, McDonald’s India also challenged the use of the McDonald’s trademark by Bakshi’s CPRL. However, Bakshi continued using the brand and operating the outlets as usual, while battling it out with McDonald's in various legal forums including NCLT, NCLAT and the Delhi High Court.

The meatless Whopper is here: Burger King just went vegan

Company News

For decades, fast-food giant Burger King has been the undisputed Home of the Whopper -- the chain's signature sandwich featuring one of its flame-grilled, "no nonsense" 100 per cent beef patties.
So, what happens when the Whopper doesn't actually have any meat? BK is going vegan.

That's right, folks: enter the Impossible Whopper, a meatless version of "America's favorite burger."
Made up of mostly soy and potato protein, and featuring coconut oil, sunflower oil and heme -- an iron-rich protein that simulates the texture, color and taste of actual meat.

For years, Burger King has offered a veggie burger on the menu at its thousands of restaurants, but it was not marketed as anything even remotely resembling a juicy, tender slab of meat.

So far, the Impossible Whopper is only available at several dozen restaurants in the Midwestern city of St Louis.

But Burger King's chief marketing officer Fernando Machado told The New York Times that the company expects to quickly expand availability nationwide if all goes well.

"I have high expectations that it's going to be big business, not just a niche product," Machado told the paper.


 Burger King's tie-up with start-up Impossible Foods is the latest, perhaps boldest move by a power player in an industry seeking to make inroads with customers on plant-based diets...Read More