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Showing posts from June 29, 2017

43 McDonald's Delhi outlets to shut today, 1700 will lose jobs

In an unprecedented move, the infighting between Connaught Plaza Restaurants (CPRL), the 50:50 local joint venture between Vikram Bakshi and the US-headquartered McDonald's that operates the fast food chain in north and east India, and the global burger giant took an ugly turn with the CPRL board deciding to shut down 43 out of 55 restaurants in Delhi from Thursday.

Shangri-La Hotel, Yiwu opens at the Gateway of China’s new silk road.

Anticipated to enhance the vibrant city of Yiwu, the 362-room Shangri-La Hotel, Yiwu opened on 24 June in the 52-storey mixed-use Yiwu World Trade Centre – the tallest building in Zhejiang Province.

Ascott surpasses 100th property milestone in China

The Ascott Limited has clinched seven new contracts to manage over 1,300 apartments across six cities in China and is on track to exceed its target of 80,000 units globally by 2020.