McDonald's to Buy Restaurants, Operations in Israel from Alonyal
By Denny Jacob
McDonald's agreed to buy Alonyal, which owns and operates the burger chain's restaurants in Israel.
The Oak Brook, Ill.-based company said it will own Alonyal's restaurants and operations and that employees will be retained on equivalent terms. Alonyal grew its presence to 225 restaurants since bringing McDonald's brand to Israel more than 30 years ago.
"McDonald's remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward," said Jo Sempels, president of international developmental licensed markets at McDonald's.
McDonald's is among the numerous restaurant companies that have been drawn into the Israel-Hamas war.
In October, McDonald's Israel business run by a local franchisee said on social media that it was providing free meals to Israeli soldiers. Other McDonald's franchisees in the Middle East said they would donate to relief efforts in Gaza. Those moves drew angry criticism online, with some critics pushing boycotts of McDonald's.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 05, 2024 09:15 ET (13:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back