In a recent development, McDonald's Corporation and International Restaurant Systems (Private) Limited have officially terminated their franchise relationship in Sri Lanka. The two companies have reached a mutually agreeable legal settlement, marking the end of their collaboration in the region.

In a joint statement, both McDonald's Corporation and International Restaurant Systems expressed their gratitude to the public for their continued support throughout this period. They urged the community to disregard any rumors or speculation that have circulated in the media regarding the franchise's status.