Page 3 - Mcdonald's

Zomato, McDonald's fined Rs 1 lakh for delivering non-veg in place of veg

Online food ordering and delivery platform Zomato on Friday said a penalty of Rs 1 lakh has been imposed on it and restaurant partner McDonald's by the District Consumer Dispute Redressal Forum, Jodhpur, for alleged wrongful delivery of non-vegetarian food in place of a vegetarian food order. The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing. The District Consumer Dispute Redressal Forum (II) Jodhpur has imposed a monetary penalty of Rs 1 lakh for violation of Consumer Protection Act, 2019 on Zomato and McDonald's, the restaurant partner whose food was delivered through it, and awarded Rs 5,000 as cost of litigation, it said. "Both monetary penalty and cost of litigation are to be borne jointly and severally by Zomato and McDonald's," it added. Further, Zomato said it "is in the process of filing an appeal against the said order and based on the advice from its external counsels, Zomato believes it has a good case on merits." "

McDonald's plans to raise royalty fees for new US restaurant operators

The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

Razorpay acquires digital invoicing, customer engagement startup BillMe

With this acquisition, Razorpay will get access to BillMe's client base of over 4,000 merchants

Some McD outlets temporarily drop tomato from menu, cite supply issues

"We would like to bring to your notice that restaurants mostly in the Punjab-Chandigarh area where we are able to source adequate quantities, continue to serve tomatoes," the company said

As prices go sky-high, several McDonald's outlets drop tomatoes from menu

The price of tomato has spiked across the country due to tight supplies caused by rainfall in many parts

McDonald's franchises fined for child labour violations in the US

Two 10-year-olds are among the 300 children who worked at a McDonald's restaurants with no or little pay, a Labor Department investigation of franchisees in Louisville, Kentucky, found. Agency investigators found more than 300 minors, including the 10-year-olds, were working illegally, the Labor Department said Tuesday. The franchisees were fined $212,000 in total. Louisville's Bauer Food LLC, which operates 10 McDonald's locations, employed 24 minors under the age of 16 to work more hours than legally permitted, the agency said. Among those were two 10-year-old children. The agency said the children sometimes worked as late as 2 a.m., but were not paid. Below the minimum age for employment, they prepared and distributed food orders, cleaned the store, worked at the drive-thru window and operated a register, the Labor Department said, adding that one child also was allowed to operate a deep fryer, which is prohibited task for workers under 16. Franchise owner-operator Sean Bauer sa

McDonald Corp reduces some employees' compensation, titles amid job cuts

McDonald's closed its offices for a few days earlier this week to have career conversations with all corporate employees, including those being let go

McDonald's temporarily shuts US offices, plans major layoffs amid meltdown

McDonald's has more than 150,000 employees in corporate roles. About 70% of those employees are based outside the United States

Burgeronomics: Big Mac index suggests rupee is undervalued by over 40%

A burger in India costs considerably less than peer economies

McDonald's CEO Chris Kempczinski says layoffs coming by April to cut costs

McDonald's CEO Chris Kempczinski has announced that layoffs are coming by April, as the global fast food chain aims to reduce costs and "free up resources to invest in growth"

The rise and rise of QSR: Number of start-ups up 23% since 2016

There were 34 companies added to the segment in 2016

Westlife eyes almost 3-fold sales growth in 5 yrs, to add 300 McDonald's

Westlife Foodworld, the master franchisee of McDonald's restaurants for West and South India, is looking for an almost three-fold jump in sales up to Rs 4,500 crore in the next five years by 2027, mainly on the back of network expansion, omnichannel approach, according to company officials. As part of network expansion, Westlife Foodworld will add around 300 McDonald's restaurants in the next five years, in which 60 per cent of the new stores are likely to be in the southern region and the rest in the western zone, said the company in its 'Vision 2027'. The company, which through its subsidiary Hardcastle Restaurants operates 337 McDonald's restaurants (as of September 30, 2022), has already commenced the work on the next 200 stores. "Westlife Foodworld's vision 2027 is strategic guidance for our road ahead. We see doubling our sales to (Rs) 40-45 billion in the next 5 years on the back of adding around 300 restaurants by 2027," said Westlife Foodworld Executive Director Akshay ...

Shell profit doubles to $9.5 billion, prompting windfall tax calls

The strong earnings were likely to intensify calls in Britain and the European Union to impose further windfall taxes on energy companies as governments struggle with soaring gas and power bills.

McDonald's to Coca-Cola: Why are CEOs suddenly obsessed with 'elasticity'?

The economic concept, which describes consumers' sensitivity to prices, is a hot topic as inflation soars and executives fret about profits

Coca-Cola and McDonald's left Russia, but their brands stayed behind

Companies pulled back from Russia this spring after Moscow sent thousands of troops into Ukraine, in response to investor and public pressure

McDonald's boosts franchisee requirements, seeks to bolster diversity

McDonald's has faced criticism from Black-owned franchises, some of whom have filed lawsuits alleging racial discrimination

McDonald's to pay France $1.3 billion in tax fraud case: Report

A Paris court approved the settlement Thursday, the French national financial prosecutor's office said

Shareholders re-elect McDonald's directors, Icahn loses board battle

Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.

Starbucks leaving Russian market after McDonald's, shutting 130 stores

Starbucks' stores are owned and operated by Alshaya Group, a Kuwait-based franchise operator