Thursday 17 March 2011

McDonald's to double network, revenue by 2014



Retail food chain company McDonald's India has joined hands withIndian Oil Corporation (IOC) to increase its presence in petrol stations in west and south and aims to more than double its sales by 2014 from both these regions.
Under the agreement, IOC will provide space to McDonald's for opening ''Drive Thru'' restaurants in the west and south.
IOC has more than 8,000 fuel outlets in the south and west and this agreement will support McDonald's expansion plans and help it double its presence in the regions by 2014.
Presently, McDonald's has 108 outlets in the south and west and a total 211 across the country.By 2014, the fast food giant plans to up its headcount by another 10,000 in the south and west.
McDonald's already operates restaurants under the oil alliance programme with Hindustan Petroleum Corporation (HPCL) andBharat Petroleum Corporation (BPCL).

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