{"id":29105,"date":"2024-04-05T21:00:48","date_gmt":"2024-04-05T21:00:48","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants"},"modified":"2024-04-05T22:52:26","modified_gmt":"2024-04-05T22:52:26","slug":"mcdonalds-to-buy-back-all-its-israeli-restaurants","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants","title":{"rendered":"McDonald&#8217;s to buy back all its Israeli restaurants"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span>Fast food giant McDonald&#8217;s is to buy back all its Israeli restaurants following a boycott of the brand in response to the Israel-Hamas war.<\/p>\n<p>The company said it had reached an agreement with franchisee Alonyal for the return of 225 outlets across the country employing 5,000 people.<\/p>\n<p>McDonald&#8217;s was criticised after Alonyal started giving away thousands of free meals to Israeli soldiers.<\/p>\n<p>Sales in the region have slumped since the conflict began in October.<\/p>\n<p>On Thursday, McDonald&#8217;s said a deal had been signed with Alonyal which has been running the chain of Golden Arches in Israel for more than 30 years.<\/p>\n<p>The US company said the restaurants, operations and employees would be retained &#8220;on equivalent terms&#8221; and that it remained &#8220;committed to the Israeli market&#8221;. Terms of the sale were not revealed.<\/p>\n<p>The boycott was sparked after Muslim-majority countries such as Kuwait, Malaysia and Pakistan issued statements distancing themselves from the firm for its perceived support of Israel.<\/p>\n<p>Vocal protests were staged world-wide as the grassroots boycott spread beyond the Middle East.<\/p>\n<p>In January the global food chain admitted the conflict had &#8220;meaningfully impacted&#8221; its performance with business in France, Indonesia and Malaysia suffering, although its trade in the Middle East was worst affected.<\/p>\n<p>Chief executive Chris Kempczinski blamed the backlash on &#8220;misinformation&#8221; but it hit the bottom line nonetheless and the company missed its first quarterly sales target in nearly four years.<\/p>\n<p>The boycott was described as &#8220;disheartening and ill-founded&#8221; by McDonald&#8217;s. The company relies on thousands of independent businesses to own and operate most of its more than 40,000 stores around the world. About 5% are located in the Middle East.<\/p>\n<p>&#8220;In every country where we operate, including in Muslim countries, McDonald&#8217;s is proudly represented by local owner operators,&#8221; Mr Kempczinski said at the time.<\/p>\n<p>&#8220;So long as this war is going on&#8230; we&#8217;re not expecting to see any significant improvement [in these markets],&#8221; the McDonald&#8217;s boss added.<\/p>\n<p>The company will be hoping that by taking the Israeli business back &#8220;in house&#8221; it can restore its reputation in the Middle East and meet its key sales targets once more.<\/p>\n<p>Much of the Gaza Strip has been devastated during the Israeli military operations that began after Hamas-led gunmen attacked southern Israel on 7 October, killing about 1,200 people and seizing 253 hostages.<\/p>\n<p>About 130 of the hostages remain in captivity, at least 34 of whom are presumed dead.<\/p>\n<p>More than 33,000 people have been killed in Gaza since then, the territory&#8217;s Hamas-run health ministry says.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/eritrea\">Eritrea<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. Fast food giant McDonald&#8217;s is to buy back all its Israeli restaurants following a boycott of the brand in response to the Israel-Hamas war. The company said it had reached an agreement with franchisee Alonyal for the return of 225 outlets across the country employing 5,000 people. McDonald&#8217;s was criticised after Alonyal [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":29104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[242,243,233],"class_list":["post-29105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-eritrea","tag-eritrea"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>McDonald&#039;s to buy back all its Israeli restaurants - Eritrea<\/title>\n<meta name=\"description\" content=\"Fast food giant McDonald&#039;s is to buy back all its Israeli restaurants following a boycott of the brand in response to th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McDonald&#039;s to buy back all its Israeli restaurants\" \/>\n<meta property=\"og:description\" content=\"Fast food giant McDonald&#039;s is to buy back all its Israeli restaurants following a boycott of the brand in response to th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-05T21:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-05T22:52:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/04\/sm_1712338707.561321.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"454\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"McDonald&#8217;s to buy back all its Israeli restaurants\",\"datePublished\":\"2024-04-05T21:00:48+00:00\",\"dateModified\":\"2024-04-05T22:52:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\"},\"wordCount\":434,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/04\/sm_1712338707.561321.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mcdonalds-to-buy-back-all-its-israeli-restaurants\",\"name\":\"McDonald's to buy back all its Israeli restaurants - 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