Posted 4/5/2024, 2:18:00 AM
McDonald's Reacquires Israel Franchises After 30+ Years From Alonyal Limited
- McDonald's is buying back all of its Israel franchises from Alonyal Limited after 30+ years
- Alonyal grew the business to 225 locations and over 5,000 employees
- Employees and restaurants will be retained on equivalent terms
- The purchase closure date is subject to conditions and will complete in coming months
- McDonald's business in the Middle East has been impacted by recent Israel-Hamas tensions
