McDonald’s (MCD.N) has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company told Reuters
“The parent company decided to terminate the agreement with the franchisee due to standard issues,” said Sanath Wijewardane, an attorney for McDonald’s. “They are not in business in the country. They may decide to return with a new franchisee.”
He said the deal was cancelled on Wednesday but the stores had continued to operate for some days.
Wijewardane declined to describe the issue on why McDonald’s went to court, Reuters reported. (NewsWire)