Franchising Current Affairs, GK & News

Franchising

Under the franchising of external services, the government grants a concession or privilege to a private-sector entity to conduct business in a particular market or geographical area. The government may regulate the service level or price, but users of the service pay the provider directly.

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Navis acquires full ownership of Indian fast-food Chain “Nirula’s”

After buying out Nirula’s’ co-owner Samir Kuckreja’s stake, Malaysia-based private equity Navis Capital Partners has taken complete control of homegrown fast food chain Nirula’s. Nirula’s: Among the first fast-food chains in India which made ‘big boy burgers’ and ‘hot chocolate fudge’ famous. It also pioneered the concept of family-style restaurant when it opened its first ..

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