Monday, April 9, 2012

As burgers fly, McDonald’s to add bun, patty lines

As burgers fly, McDonald’s to add bun, patty lines



This month, it is rolling out four new products under Spice Fest.
The US-based McDonald’s Corporation operates over 33, 000 outlets globally with sales of $27 billion.
In India, the quick-service restaurants, or the so-called QSR sector, is on fire, generating interest from investors.
Jatia, whose firm is debt-free but does not share financial details, said he is constantly in talks with multiple interested parties but did not intend to sell a stake.
He said the potential for the quick-service food chain to grow number of outlets today is 5 times more than seen a decade ago as Indian consumers eat out frequently and as the market for food chains expands with competitors expanding rapidly.
McDonald’s will have a total of 450-500 operational restaurants in India by 2014, of which, Hardcastle will be at 250 restaurants, up from 135 currently. Last week, McDonald’s said it would hire over 6, 500 employees within the first week of April 2012 as the number of outlets nearly double.
Last year, McDonald’s also started revamping its restaurants in India with new design and layout, a move on part of the chain’s global endeavour to renovate restaurants and bring in more consumers.

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