Last October, the Israeli branch of the popular fast food chain McDonald's gave free meals to their soldiers during their attack on the people of Gaza and
Last October, the Israeli branch of the popular fast food chain McDonald's gave free meals to their soldiers during their attack on the people of Gaza and since then, the global brand has been facing worldwide outrage. Sales have since plummeted and it was even suspected that some outlets in Malaysia were closed down due to the decreasing number of customers.
Yesterday , it was reported that McDonald's Corporation is currently in the process of acquiring every outlet in Israel following the impact of the boycott. Is the company finally withdrawing itself from the state? Let's find out:In an official statement, McDonald's Corporation made an announcement that they will acquire Alonyal, the company that owns about 225 McDonald's outlets in Israel and has been operating the business for more than 30 years with over 5000 employees.
Unfortunately, the terms and conditions of this deal were not disclosed. The chief executive, Chris Kempczinsk said that the impact boycott has been 'meaningful', though he did not elaborate on what he meant by that. However, he did acknowledge the disappointing sales over the past few months. 'Obviously the place that we're seeing the most pronounced impact is in the Middle East.
As for his thoughts on the backlash and the ongoing genocide, the McDonald's boss said, 'We recognise that families in their communities in the region continue to be tragically impacted by the war and our thoughts are with them at this time.' Netizens worldwide, especially those in Malaysia, reacted to the news of the acquisition.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
100pc Sabah Credit Corporation loan facilities to buy first homeKota Kinabalu: Sabah Credit Corporation (SCC) provides home purchase loan facilities up to 100 per cent for buying the first home and purchasing directly from a developer.
Read more »
Sabah Economic Development Corporation offers 48 Kota Kinabalu Industrial Centre lots for Bumi SMEsKota Kinabalu: The Sabah Economic Development Corporation (Sedco) will provide 48 space lots to small and medium entrepreneurs (SMEs) for rent at the Kota Kinabalu Industrial Centre (KKIP).
Read more »
Penang Development Corporation appoints consultant to revive KomtarGEORGE TOWN, March 25 — Penang Development Corporation (PDC) has appointed a consultant to look into reviving Komtar, said its chief executive officer Datuk Aziz Bakar. “We...
Read more »
Penang Development Corporation unveils RM5b strategic planGEORGE TOWN, March 25 — Penang Development Corporation (PDC) today unveiled an ambitious strategic plan for the next five years that included increasing its land bank in the...
Read more »
Penang Hill Corporation says majority stakeholders agreed to cable car project, civil societies already consultedGEORGE TOWN, March 19 — The majority of stakeholders have agreed to the upcoming cable car project, said Penang Hill Corporation (PHC) general manager Datuk Cheok Lay Leng...
Read more »
Sarawak Digital Economy Corporation and NEXEA launch DiVA programme to support entrepreneurs and tech startupsSarawak Digital Economy Corporation (SDEC) and NEXEA have announced the next phase of their collaborative initiative, DiVA - Digital Village Accelerator, a flagship programme under the Sarawak Digital & Innovation Ecosystem. The programme aims to cultivate a thriving innovation community in Sarawak, providing essential resources and support to entrepreneurs and tech startups. Selected participants may secure SDEC grants and investments, offering significant financial leverage for their ventures.
Read more »