Quick View: McDonald's Closure Highlights Struggling Restaurant Scene In Sri Lanka
Food & Drink / Sri Lanka / Thu 28 Mar, 2024
The Latest: On March 25 2024, McDonald's ended its franchise agreement with Abans, its local partner in Sri Lanka, citing alleged issues with hygiene standards. All 12 outlets in the country have since closed.
Implications: Our Country Team forecast a continuous recovery of the wider Sri Lankan economy following the aftermath of the