Westlife Development renamed Westlife Foodworld

The move aims to align and harmonize the company’s name more closely with the nature of its subsidiary’s business activities, Westlife said

Livemint
Published4 Nov 2022, 02:37 PM IST
The company operates owns 331 McDonald’s restaurants and 267 McCafés in West and South India. Photo by Priyanka Parashar/Mint.
The company operates owns 331 McDonald’s restaurants and 267 McCafés in West and South India. Photo by Priyanka Parashar/Mint.

New Delhi: Westlife Development Ltd that owns and operates the master franchisee of fast food chain McDonald’s in West and South India has re-named itself Westlife Foodworld Ltd.

“The move aims to align and harmonize the company’s name more closely with the nature of its subsidiary’s business activities. Targeted at accelerating the company’s core business in the food service industry, this name change will strengthen its synergy with the current business operations,” the company said in a statement Friday.

The company operates owns 331 McDonald’s restaurants and 267 McCafés in West and South India in close to 50 cities in the states of Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa and parts of Madhya Pradesh etc. It has held the franchisee rights in the region since its inception in 1996.

It provides direct employment to close to 10,000 employees.

“When we brought McDonald’s under Westlife, our vision was to set up and expand a robust business in India for the brand and give value to all our stakeholders. We believe that the name Westlife Foodworld Ltd perfectly signifies the vast, glocal food and beverage portfolio that we have created with McDonald’s and its various brand extensions. We are committed to expanding the business with renewed vigour, and this name change will put us in stronger stead for the next leg of growth both for the brand and our company,” said Akshay Jatia, Executive Director, Westlife Foodworld Ltd.

Westlife’s new name reflects the company’s focus on strengthening its business in the food service industry, the company further added.

In its recent earnings report the company said it plans to add 35-40 new restaurants in FY23 and over 200 new restaurants in the next 3-4 years with greater emphasis on smaller and emerging cities.

To be sure, the McDonald’s business in North and East India is managed by Connaught Plaza Restaurants Pvt. Ltd.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:4 Nov 2022, 02:37 PM IST
Business NewsCompaniesNewsWestlife Development renamed Westlife Foodworld

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    155.25
    03:58 PM | 16 OCT 2024
    -0.4 (-0.26%)

    Tata Power share price

    460.35
    03:58 PM | 16 OCT 2024
    -3.15 (-0.68%)

    Bharat Petroleum Corporation share price

    350.85
    03:57 PM | 16 OCT 2024
    1.65 (0.47%)

    Bharat Electronics share price

    285.65
    03:49 PM | 16 OCT 2024
    -3.15 (-1.09%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Honasa Consumer share price

    493.40
    03:46 PM | 12 SEP 2024
    -28.6 (-5.48%)

    Prism Johnson share price

    219.60
    03:59 PM | 12 SEP 2024
    -12.05 (-5.2%)

    R R Kabel share price

    1,655.30
    03:59 PM | 12 SEP 2024
    -58.75 (-3.43%)

    Raymond share price

    1,856.60
    03:59 PM | 12 SEP 2024
    -57.95 (-3.03%)
    More from Top Losers

    Engineers India share price

    227.05
    03:57 PM | 12 SEP 2024
    17.45 (8.33%)

    Century Textiles & Industries share price

    2,788.10
    03:41 PM | 12 SEP 2024
    174.75 (6.69%)

    Gujarat Fluorochemicals share price

    4,298.70
    03:47 PM | 12 SEP 2024
    266.55 (6.61%)

    FDC share price

    612.40
    03:48 PM | 12 SEP 2024
    35.1 (6.08%)
    More from Top Gainers

      Recommended For You

        More Recommendations

        Gold Prices

        • 24K
        • 22K
        Bangalore
        77,405.000.00
        Chennai
        77,411.000.00
        Delhi
        77,563.000.00
        Kolkata
        77,415.000.00

        Fuel Price

        • Petrol
        • Diesel
        Bangalore
        102.86/L0.00
        Chennai
        100.75/L0.00
        Kolkata
        104.95/L0.00
        New Delhi
        94.72/L0.00

        Popular in Companies

          HomeMarketsloanPremiumMint Shorts