From the blog

ISRAEL: McDonald’s To Buy Back All Franchise Restaurants Due To Mass Boycotts Over War

Fast food giant McDonald’s is to buy back all 225 of its Israeli restaurants following a boycott of the brand in response to the Israel-Hamas war.

The company announced Thursday, that it has now struck an agreement with Israeli franchise Alonyal to buythe firm’sMcDonald’s (MCD) franchise restaurants in the country.

Omri Padan, CEO and owner of Alonyal, said in a statement: “For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our communities.” Alonyal employs more than 5,000 people across its McDonald’s restaurants in the country.

McDonald’s added in the statement that it “remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward.”

The terms of the deal were not disclosed.

In the aftermath of the October 7 Hamas militants attack on Israel, Alonyal offered discounts to localsoldiers and security forces.

Many McDonald’s operators in the wider region quickly distanced themselves from the Israeli firm’s actions. Franchise groups in Kuwait and Pakistan, for example, issued statements saying they did not share ownership with the Israeli franchise.

Like other American brands, McDonald’s has been hit by boycotts in several markets in the region.