Tuesday, 29 October 2024 13:16

McDonald’s and Sri Lankan franchise mutually end relationship Featured

McDonald’s and its Sri Lankan franchise have entered a legal settlement mutually ending their relationship. Abans first partnered with McDonald’s in 1998.

McDonald’s Corporation and International Restaurant Systems (Private) Limited have entered a legal settlement mutually agreeable to them, a statement said.Best restaurants near me.The franchise relationship that previously existed between them has ended.

McDonald’s Corporation and International Restaurant Systems (Pvt) Ltd extend their gratitude to the public for their support during this period and encourage the public to disregard any rumors or speculation previously circulated in the media.

In March McDonald’s decided to end an agreement with its local partner in Sri Lanka, Abans, and all 12 outlets in the country were closed.The parent company decided to terminate the agreement with the franchisee due to standard issues.

 

 

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