McDonald’s buys Israeli restaurants from franchisee after sales slump
9 months ago

McDonald’s buys Israeli restaurants from franchisee after sales slump

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. “McDonald’s remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward,” Jo Sempels, McDonald's president of international developmental licensed markets, said in a statement, open image in gallery McDonald's Israel Alonyal has operated McDonald’s in Israel for more than 30 years. But Alonyal also sparked controversy in October when it announced on social media that McDonald's was providing free meals for Israeli soldiers.

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History of this topic

McDonald's value meals turn around US sales in third quarter with customers hungry for deals
2 months, 1 week ago

McDonald's value meals turn around US sales in third quarter with customers hungry for deals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Value meals helped turn around …

McDonald’s to ‘rethink’ menu after sales fall for first time in four years
5 months, 1 week ago

McDonald’s to ‘rethink’ menu after sales fall for first time in four years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Beginning last year we warned of a more discriminating consumer, particularly among lower-income households …

Supersize me: McDonald’s plots bigger burgers
8 months, 1 week ago

Supersize me: McDonald’s plots bigger burgers

The Telegraph  

McDonald’s is preparing to roll out a bigger burger to help boost the fast food giant’s flagging sales. The bigger burger comes as McDonald’s grapples with sluggish demand as anti-Israel boycotts continue to hurt its sales. Pro-Palestinan campaign groups have called for diners to boycott McDonald’s after photos and videos on social media showed franchised stores in Israel offering free …

McDonald’s posts weaker-than-expected results after sales hit by boycott
8 months, 1 week ago

McDonald’s posts weaker-than-expected results after sales hit by boycott

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Customers across the Middle East and in Muslim-majority markets …

McDonald's sales miss market expectations amid boycott calls in several markets
8 months, 1 week ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts
9 months ago

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts

Associated Press  

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. “McDonald’s remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward,” Jo Sempels, McDonald’s president of international developmental licensed markets, said in a statement, Alonyal has …

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa
9 months ago

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa

Daily Mail  

Fast food chain McDonald's will buy back all of its Israeli restaurants following a boycott of the brand after it was criticised for giving away thousands of free meals to Israeli soldiers. McDonald's decision comes after widespread protests at its decision to give out free meals affected sales in the Middle East, Indonesia and France. Fast food chain McDonald's will …

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
9 months ago

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts

Al Jazeera  

McDonald’s has been subject to boycotts since franchisee Alonyal announced it would donate free meals to the Israeli military amid Gaza war. ‘It’s a human tragedy’ In February, Kempczinski said that the war had had a “disheartening” effect on sales in Middle Eastern countries and other Muslim-majority nations such as Malaysia and Indonesia. “It’s a human tragedy, what’s going on, …

In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
9 months, 2 weeks ago

In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks

Al Jazeera  

Boycotts over the Gaza war are hitting big brands in Southeast Asia despite local owners denying links to Israel. “The most pronounced impact that we’re seeing is in the Middle East and in Muslim countries like Indonesia and Malaysia,” McDonald’s CEO Chris Kempczinski said in an earnings call. “So long as this conflict, this war is going on we’re not …

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon
11 months ago

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon

Hindustan Times  

McDonald's and Starbucks, the two major American restaurant chains, have blamed the Israel-Hamas war for a negative impact on their sales at the end of the last year. McDonald's shares dropped by about 4% on Monday after the company revealed that its fourth-quarter revenue shortfall was partly caused by a slowdown in Middle Eastern sales. Starbucks sales decline in Middle …

Israel’s war on Gaza: Are boycotts hurting US brands?
11 months ago

Israel’s war on Gaza: Are boycotts hurting US brands?

Al Jazeera  

McDonald’s is the latest of several brands to report a sales dip in Asia and the Middle East. McDonald’s has missed sales targets partly due to boycotts against its products in some parts of the world over its perceived support for Israel, the company says. The fast food company is only one of several United States brands hit by boycotts …

McDonald’s blames Israel’s war in Gaza for missing sales target
11 months ago

McDonald’s blames Israel’s war in Gaza for missing sales target

Al Jazeera  

Slump comes after customers in Muslim countries boycotted brand over its perceived support for Israel. McDonald’s has cited Israel’s war in Gaza as a factor in the fast food giant missing its first quarterly sales target in nearly four years. McDonald’s CEO Chris Kempczinski said on Monday that the war had had a “disheartening” effect on sales in Middle Eastern …

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024
11 months ago

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024

Associated Press  

After three years of exceptional sales growth, McDonald’s appears to be returning to Earth. “I think we are moving into a 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on,” McDonald’s President and CEO Chris Kempczinski said Monday during a conference call with …

McDonald’s chief says anti-Israel boycotts hitting sales
1 year ago

McDonald’s chief says anti-Israel boycotts hitting sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The CEO of McDonald’s, Chris …

McDonald’s franchises in Middle East at odds over Israel-Hamas war
1 year, 2 months ago

McDonald’s franchises in Middle East at odds over Israel-Hamas war

Al Jazeera  

McDonald’s Israel’s announcement of free meals for Israeli military sparks backlash from franchises in Arab countries. McDonald’s franchises in the Middle East have weighed in on opposing sides of the conflict, with branches in Muslim countries disavowing a decision by McDonald’s Israel to provide free meals to the Israeli military. “Let us all combine our efforts and support the community …

McDonald’s draws flak after Israel branch offers free food to IDF soldiers
1 year, 2 months ago

McDonald’s draws flak after Israel branch offers free food to IDF soldiers

Live Mint  

Fast food giant McDonald's drew criticism from several quarters on social media, after its branch in Israel announced that free food parcels would be provided to soldiers of the Israeli Defence Forces amidst the ongoing offensive in Gaza. A similar controversy erupted in a number of West Asian and Middle East countries, promoting the local branches of McDonald's in the …

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive
1 year, 2 months ago

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive

Hindustan Times  

Fast-food chain McDonald's has been facing a boycott call after its Israeli franchise announced on Instagram that it was giving thousands of free meals to hospitals and troops of the Israel Defence Forces. Earlier this week, McDonald’s Israel’s social media account announced that it had shipped 4,000 meals so far to Israeli soldiers amid a war with Palestine-based Hamas militants. …

McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country
2 years, 7 months ago

McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country

News 18  

American fast-food giant McDonald’s said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more than three-decade run begun in the hopeful period near the end of the Cold War. But on Monday the “Big Mac” maker went a step further, saying the company “is pursuing the sale of its entire portfolio of McDonald’s restaurants …

McDonald’s settles with former India partner, to reopen restaurants in two weeks
5 years, 7 months ago

McDonald’s settles with former India partner, to reopen restaurants in two weeks

Hindustan Times  

McDonald’s Corp’s Indian arm has reached a settlement with former partner Vikram Bakshi, acquiring full ownership in their joint venture Connaught Plaza Restaurants Ltd, the company said in a statement. “Today’s ownership transfer marks an important and positive milestone for McDonald’s in North and East India,” McDonald’s said. The U.S. fast food chain was involved in a long-standing legal battle …

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