Posted 4/5/2024, 9:38:54 AM
McDonald's Buys Back Israel Franchises as Boycotts Over Gaza War Dent Sales
- McDonald's is buying back its 225 franchised restaurants in Israel due to sales being hurt by boycott calls amid the war between Israel and Hamas in Gaza
- The 5,000 employees of the Israeli McDonald's franchises will keep their jobs after the sale
- McDonald's cited the boycott impact as contributing to disappointing Q4 sales results
- The boycott is also affecting McDonald's sales in other Muslim-majority countries and neighborhoods
- Activists have targeted other chains like Burger King, KFC, Pizza Hut and Starbucks over the Israel-Hamas war