McDonald’s to acquire franchised stores in Israel ...Middle East

NEW YORK: McDonald's Corporation said Thursday it will acquire Alonyal, which owns 225 McDonald's restaurants in Israel which have been hit by calls for a boycott over the war with Hamas in Gaza.Terms of the transaction were not disclosed. McDonald's said in a statement the deal was subject to conditions which it did not identify.Alonyal has operated McDonald's restaurants in Israel for more than 30 years, today owning 225 franchised properties with more than 5,000 employees, who will be retained after the sale.In presenting its 2023 earnings report in February, McDonald's said the war in Gaza that began in October with the Hamas attacks on Israel was weighing on its results.McDonald's was t

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