McDonald's has signed a deal to buy all 225 restaurants in its Israel franchise, following months of lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war.
The restaurant outlets have been owned by Israel i company Alonyal Limited for more than 30 years. McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel -Hamas war.
The McDonald's statement said Thursday, 'Upon completion of the transaction, McDonald's Corporation will own Alonyal Limited's restaurants and operations, and employees will be retained on equivalent terms.' In February, McDonald's was hit by weak sales growth in its division that includes the Middle East. Consumers around the world but particularly in Arab and Muslim-majority countries have boycotted the brand over what they perceive to be its support for Israel, in the chain's Middle East market and some areas beyond the region as a result of the war and what he called 'associated misinformation' about the company
Mcdonald's Israel Franchise Purchase Boycott Sales War
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