McDonalds To Buy Back 225 Outlets In Israel From Alonyal After Boycotts

×

SEARCH FOR

Input your search keywords and press Enter.

Trending

McDonalds To Buy Back 225 Outlets In Israel From Alonyal After Boycotts

05-Apr-2024
By ellephant


Based on reports, McDonald's is buying it's 30-year-old Israel franchise from Alonyal, taking back ownership of 225 McD outlets. 

Since the restaurant has been hit with the boycott movement due to Israel's violence towards Palestine and then agreeing to donate free meals to the Israel military, their franchise's sales have dipped worldwide by 0.7% outside the United States. 

The terms of the deal has not yet been revealed, however, they have noted that the 5,000 employees will be retained. 


https://image.goody25.com/images/catalog/60679/20240405_17123109535501_mobile.jpg  

McDonald's despite being a global chain, has its franchises owned locally and operate autonomously.

It's CEO said previously the company had seen "meaningful business impact" in several markets in the Middle East and some outside the region due to the Israel-Hamas violence.

McDonald's added that it remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward.

After the completion of the transaction in the coming months though, McDonalds will own Alonyal's outlets and operations.


mcdonalds company israel BOYCOTT Gaza palestine


ellephant

a writer of sorts

Report

Trending


KL Continues Winning Streak As Malaysia’s Most Expensive Property Market

Trending   20 Hours ago

SHOCKING: "No One Needs To Know!" M'sian Woman Gets Raped By Cousin During Raya, Family Blames Her & Doesn't File Police Report

Life   1 Week ago

"They Offered Me A New Car But I Declined!" M'sian Woman's Chery Car's Back Axle Snaps Off While Driving, Appears To Be Second Case

Travel   2 Days ago