The McDonald’s Corporation is buying back the entire Israel network of 225 restaurants from Alonyal Limited, which has built and operated the network for 30 years.
In February the global giant reported the war in Gaza had affected sales. Customer boycotts of restaurants in the region followed the franchise’s provision of free meals to Israeli soldiers.
Upon completion of the transaction, McDonald’s Corporation will own Alonyal Limited’s restaurants and operations. The corporation will retain the 5,000-plus employees on equivalent terms.
Omri Padan, CEO and owner of Alonyal Limited, said “For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our communities. We’ve grown the brand to be the leading and most successful restaurant chain in Israel and are grateful to our management, employees, suppliers, and customers who made this possible. We are encouraged by what the future holds.”
Jo Sempels, president of international developmental licensed markets at McDonald’s Corporation thanked Alonyal for its three-decade commitment.
“McDonald’s remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward,” he said.
The agreement is subject to certain conditions, with closing anticipated in the coming months.
