MCD - McDonald's To Buy Back All 225 Israeli Restaurants Amid Middle East Tensions | Benzinga
Fast-food giant McDonald’s Corporation (NYSE:MCD) has announced that it will be repurchasing all its franchises in Israel. This move comes amidst ongoing tensions in the Middle East, which have had a significant impact on the company’s business.
What Happened: McDonald’s revealed on Thursday that the CEO and owner of Alonyal Limited, Omri Padan, will be selling the company’s franchises in Israel back to the corporation,The Hill reported. Alonyal has been operating McDonald’s in Israel for over 30 years, expanding to 225 restaurants and employing more than 5,000 people.
The employees and restaurant operations will continue under McDonald’s ownership, with the company expressing its commitment to the Israeli market and ensuring a positive experience for both employees and customers.
McDonald’s ...