NEW YORK: On Thursday, McDonald’s Corporation announced it will buy Alonyal. This Israeli company operates 225 McDonald’s restaurants that have been the target of boycott demands due to the conflict between Hamas and Israel.
The transaction’s terms were kept a secret. In a statement, McDonald’s stated that the agreement was subject to certain restrictions, which it did not specify. In franchised restaurants outside the United States, comparable sales fell 0.7 percent.
Following more than 30 years of running McDonald’s restaurants in Israel, Alonyal currently has 225 franchised locations with over 5,000 employees, all of whom will be kept on following the sale.
McDonald’s stated that the conflict in Gaza, which started in October with Hamas strikes on Israel, was having an impact on company profits when it presented its 2023 financial report in February.
Calls for a boycott of McDonald’s were made in response to the chain’s thousands of Israeli soldiers receiving complimentary meals at franchised locations.
During an analyst call, Chief Executive Chris Kempczinski stated, “We recognize that families in their communities in the region continue to be tragically impacted by the war and our thoughts are with them at this time.”
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