Business

McDonald’s will repurchase Israeli eateries in response to boycotts

sikapa 2 months ago
McDonald's will repurchase Israeli eateries in response to boycotts
McDonald’s will repurchase Israeli eateries in response to boycotts
According to Mr. Padan, “We are encouraged by what the future holds.”The US firm did not disclose the terms of the sale, but it did state that the restaurants, operations, and staff in Israel would be retained “on equivalent terms”. McDonald’s employs 5,000 individuals under Alonyal.

McDonald’s CEO Chris Kempczinski attributed the backlash to “misinformation” at the beginning of the year, but it nevertheless had an impact on the company’s finances as it missed its first quarterly sales goal in over four years.

‘Misinformation’ about Israel and Gaza hurts McDonald’s sales

McDonald’s called the boycott “disheartening and ill-founded”. The majority of the company’s more than 40,000 outlets worldwide are owned and run by thousands of individual companies. Five percent of them are in the Middle East.At the time, Mr. Kempczinski stated, “McDonald’s is proudly represented by local owner operators in every country where we operate, including in Muslim countries.”

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