Multinational food chain McDonald’s The corporation announced on Thursday that Israel McDonald’s is going to buy Alvinal, the company that owns 225 restaurants in the chain.
Israeli attacks on Gaza In view of the worldwide boycott of McDonald’s is being demanded.
According to the British news agency Reuters, the terms of the deal were not disclosed, but McDonald’s said in a statement that the agreement to buy Alvinal is subject to certain conditions, but the statement did not say anything in this regard.
Alvinal has operated McDonald’s restaurants in Israel for more than 30 years and today owns 225 franchised McDonald’s restaurants employing more than five thousand employees who will be rehired after the restaurants are purchased.
While presenting its 2023 earnings report in February, McDonald’s said that beginning in October Gaza But Israeli aggression is affecting his income.
After franchised McDonald’s restaurants in Israel offered thousands of free meals to Israeli soldiers, several countries around the world called for a boycott of McDonald’s.
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The company’s chief executive, Chris Kempczynski, said: ‘We recognize that families in the region are being tragically affected by the conflict and our sympathies are with them at this time.’
He said that the impact of the McDonald’s boycott had been ‘conclusive’ but did not elaborate.
McDonald’s fourth-quarter sales disappointed analysts. Business at franchised restaurants outside the U.S. declined a comparable 0.7 percent.
“Obviously, the place where we’re seeing the most pronounced impact is in the Middle East,” Kempczynski said. We are seeing some effects in other Muslim countries like Malaysia and Indonesia.’
He said this also happened in countries with large Muslim populations, such as France, where McDonald’s restaurants located in Muslim-majority areas were particularly affected.
Shares of McDonald’s also fell about 2 percent in after-market trading on Thursday.
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2024-09-22 03:42:46
