McDonald’s, an American fast food chain, has announced the purchase of its 225 branches in Israel from local franchisee Alonyal. The decision to repurchase the restaurants comes amidst calls for boycotts due to the conflict in the Gaza Strip. Alonyal Limited’s CEO, Omri Padan, revealed that he had agreed to sell the franchise to McDonald’s.
The amount of the transaction was not disclosed and is subject to certain conditions, expected to be completed in the coming months. The deal marks a significant milestone for McDonald’s in Israel as it reinforces its commitment to maintaining its presence in the market.
McDonald’s first signed licensing deals with Alonyal over three decades ago and employed more than 5,000 people in the restaurants. The company has assured that all Alonyal restaurants will be retained and employees will continue to work under similar conditions. Jo Sempels, CEO of McDonald’s global franchises, stated that the company remains committed to the Israeli market even after facing challenges due to conflicts in the Middle East region.
The ongoing war between Israel and Hamas has had a negative impact on McDonald’s sales in various Muslim countries and regions with significant Muslim populations. However, despite these challenges, McDonald’s continues to operate in these markets and strives to maintain its presence. This decision by McDonald’s reflects its determination to navigate through difficult situations and maintain its global operations while upholding its commitment to social responsibility.
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