{"id":1959,"date":"2012-12-07T17:51:05","date_gmt":"2012-12-07T12:21:05","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=1959"},"modified":"2012-12-07T17:51:05","modified_gmt":"2012-12-07T12:21:05","slug":"mcdonalds-franchisee-of-india-to-plan-collaboration-with-listed-indian-parent","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/mcdonalds-franchisee-of-india-to-plan-collaboration-with-listed-indian-parent\/","title":{"rendered":"McDonald’s Franchisee of India to Plan Collaboration With Listed Indian Parent"},"content":{"rendered":"

\"\"<\/a>The privately-held franchisee of McDonald’s Corp. (MCD) for south and west India Friday said it plans to merge with its India-listed parent, a move that will allow investors to benefit from the rapid growth of the U.S. fast food chain in the South Asian nation.<\/p>\n

Hardcastle Restaurants Pvt. Ltd.–a master franchisee of McDonald’s restaurants in west and south India–will become a direct subsidiary of India-listed Westlife Development Ltd., a press release from the Indian company said. It didn’t specify a timeline for the change.<\/p>\n

Rising incomes in a country of nearly 1.2 billion people has attracted Western food chains as young Indians are increasingly willing to spend on food and entertainment.<\/p>\n

In October, Starbucks Corp. tied up with India’s Tata Group to open the first of three outlets in the country. Dunkin’ Brands Inc. has five outlets in India, operated in partnership with a local Indian company. Dunkin’ Brands also runs 473 Baskin Robbins ice-cream parlors in India through a franchise agreement.<\/p>\n

“The consolidation of our companies under Westlife Development opens up options for us to accelerate our growth plans for expanding McDonald’s restaurants in west and south India,” Westlife Vice-Chairman Mr. Amit Jatia said.<\/p>\n

Hardcastle Restaurants’ net profit for the Indian financial year ended March was 425.1 million rupees ($7.8 million), up 126% from the previous year, the press release said. Revenue for the period rose 44% on-year to 5.44 billion rupees, it said.<\/p>\n

The company has 148 restaurants across west and south India to date, up 20% from a year earlier. Capital expenditure in the last fiscal year was 780 million rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"

The privately-held franchisee of McDonald’s Corp. (MCD) for south and west India Friday said it plans to merge with its India-listed parent, a move that will allow investors to benefit [ … ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,787],"tags":[],"class_list":["post-1959","post","type-post","status-publish","format-standard","hentry","category-franchise-news","category-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/1959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=1959"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/1959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=1959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=1959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=1959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}