{"id":25258,"date":"2024-03-25T03:08:44","date_gmt":"2024-03-25T08:08:44","guid":{"rendered":"https:\/\/ustower.net\/?p=25258"},"modified":"2024-03-25T03:08:51","modified_gmt":"2024-03-25T08:08:51","slug":"mcdonalds-stores-close-in-sri-lanka-after-deal-with-partner-ends","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=25258","title":{"rendered":"McDonald&#8217;s stores close in Sri Lanka after deal with partner ends"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">COLOMBO, March 24 (Reuters) &#8211; McDonald&#8217;s&nbsp;<a href=\"https:\/\/www.reuters.com\/markets\/companies\/MCD.N\"><u>(MCD.N), opens new tab<\/u><\/a>&nbsp;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 said on Sunday.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">&#8220;The parent company decided to terminate the agreement with the franchisee due to standard issues,&#8221; said Sanath Wijewardane, an attorney for McDonald&#8217;s. &#8220;They are not in business in the country. They may decide to return with a new franchisee.&#8221;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">He said the deal was cancelled on Wednesday but the stores had continued to operate for some days.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">A spokesperson for the local partner, Abans, declined to comment.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Wijewardane declined to describe the issues but local media reported that McDonald&#8217;s went to court against Abans over allegations of poor hygiene.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Abans says on its&nbsp;<a href=\"https:\/\/abansgroup.com\/wp-content\/uploads\/2021\/08\/Annual-Report-2020.pdf\"><u>website, opens new tab<\/u><\/a>&nbsp;it first partnered with McDonald&#8217;s in 1998.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Sri Lanka, an Indian Ocean island of 22 million people, is recovering from a massive financial crisis.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/mcdonalds-stores-close-sri-lanka-after-deal-with-partner-ended-lawyer-says-2024-03-24\/\">Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>COLOMBO, March 24 (Reuters) &#8211; McDonald&#8217;s&nbsp;(MCD.N), opens new tab&nbsp;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 said on Sunday. &#8220;The parent company decided to terminate the agreement with the franchisee due to standard issues,&#8221; said Sanath [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[21799,8727,22071,5744,27398,2727],"class_list":["post-25258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-closing","tag-deals","tag-mcdonalds","tag-partners","tag-sri-lanka","tag-stores"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/25258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25258"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/25258\/revisions"}],"predecessor-version":[{"id":25260,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/25258\/revisions\/25260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/25259"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}