Posted 4/5/2024, 11:58:21 AM
McDonald's Buys Back Israel Franchise Amid Controversy Over Donations to Israeli Military
- McDonald's is buying back its Israel franchise from Alonyal Ltd, taking ownership of 225 restaurants in Israel
- Alonyal sparked boycotts by announcing it would donate free meals to Israeli military after a Hamas attack
- McDonald's has seen sales impacts in Middle East markets due to the Israel-Hamas conflict
- After the deal, McDonald's will retain Alonyal's employees but own the restaurants
- Another chain, Starbucks, has also faced boycotts over perceived pro-Israel stance and financial ties
