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Top related persons:
Omri Padan - 2 Chris Kempczinski - 2 McDonald's - 1 Israel — - 1 — - 1 London CNN — - 1 Alonyal - 1 McDonald’s - 1
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Israel East Malaysia Indonesia Kuwait Pakistan
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Israel - 1 Alonyal Ltd - 1 McDonald's Corporation - 1 McDonald's - 1 Consumers - 1 Gaza - 1 enclave's Health Ministry - 1 World Health Organization - 1

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2 mentions found


☆ McDonald's will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
  + stars: | 2024-04-05 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
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
☆ McDonald’s buys all of its Israeli franchise restaurants amid damage from Middle East turmoil
  + stars: | 2024-04-04 | by ( Maisie Linford | Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business. The fast food giant said it had struck an agreement with Israeli franchise Alonyal to buy the firm’s McDonald’s (MCD) franchise restaurants in the country. The vast majority of McDonald’s stores around the world are run by local franchise operators. Many McDonald’s operators in the wider region quickly distanced themselves from the Israeli firm’s actions. Franchise groups in Kuwait and Pakistan, for example, issued statements saying they did not share ownership with the Israeli franchise.
Persons: London CNN —, Omri Padan, Alonyal, McDonald’s, “, Chris Kempczinski, , Kempczinski Organizations: London CNN, Alonyal Locations: Israel, Kuwait, Pakistan
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