McDonald’s Admits that the Company is Facing Losses over Worldwide Boycott
Fast food giant McDonald’s CEO Chris Kempczinski has admitted that the company is facing significant financial losses following a worldwide anti-Israel boycott movement on the largest burger chain.
“Several markets in the Middle East and some outside the region are experiencing a meaningful business impact due to the war… affecting brands like McDonald’s,” Kempczinski wrote on a blog posted on LinkedIn.
The big burger chain is one of several multinational corporations feeling the effects of international boycotts in the wake of Israel’s military campaign on Gaza which started after the regime was caught off-guard by the surprise Palestinian Operation Al-Aqsa Storm on Oct. 7, 2023.
“In every country where we operate, including in Muslim countries, McDonald’s is proudly represented by local owner operators who work tirelessly to serve and support their communities while employing thousands of their fellow citizens. That local community connection is the genius of the McDonald’s system.”
The boycott campaign initiated by the Pro-Palestine Boycott, Divestment and Sanctions (BDS) movement against the Israeli regime has affected several businesses worldwide especially across the Middle East (West Asia).
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