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.
"An agreement to sell Alonyal to McDonald's Corporation has been signed," 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."
"We are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East," McDonald's Corp. said in a November statement.
"McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local Developmental Licensee business partners were made independently without McDonalds' content or approval."
Persons:
McDonald's, Omri Padan, Israel —, —, Chris Kempczinski
Organizations:
Israel, Alonyal Ltd, McDonald's Corporation, McDonald's, Consumers, Gaza, enclave's Health Ministry, World Health Organization, McDonalds
Locations:
Israel, East, Malaysia, Indonesia