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McDonald's will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
McDonald'sMcDonald's(US:MCD) CNBCยท2024-04-05 12:33

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 restaurant outlets have been owned by Israeli company Alonyal Limited for more than 30 years."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 Corp ...