McDonald's Resumes Ownership of Israeli Franchises Amid Boycott Impact

McDonald's Corporation is set to acquire Alonyal, the owner of 225 McDonald's restaurants in Israel, as the franchise has been impacted by a boycott following the war with Hamas in Gaza. The terms of the transaction were not disclosed, but McDonald's stated that the deal is subject to unidentified conditions. The company's CEO acknowledged the meaningful impact of the boycott on sales, particularly in the Middle East and other Muslim-majority countries, and assured that the 5,000 employees will retain their jobs after the acquisition.