McDonald's ECONOMIC

Supply Chain & Sourcing Relationships

No public evidence identified.

The reviewed corporate announcement, SEC materials, and annual report do not identify a direct McDonald’s or Alonyal relationship with named Israeli agricultural exporters, aggregators, importer-of-record entities, recurring Israeli-produce procurement, or indirect Israeli-origin white-label sourcing ^{1, 2, 3}.

The reviewed sources do not document settlement-origin food products, a corporate territorial-labeling policy, or product-labeling enforcement involving McDonald’s or Alonyal ^{1, 2, 3}.

The supplied document-level scans found no McDonald’s mention in the 2023 OHCHR settlement-business update, the 2025 OHCHR database update, or the cited UN Special Rapporteur report, but those results are document-scoped and do not establish absence across related databases, franchisees, suppliers, or subsidiaries ^{4, 5, 6}.

Product Origin, Labeling & Regulatory Compliance

The reviewed regulatory, customs, corporate, and NGO source classes do not identify products labelled “Produce of Israel” that were confirmed or suspected to have originated in settlements and were tied to McDonald’s or Alonyal ^{1, 2, 3, 4}.

The 2023 OHCHR update states that it reassessed 112 entities from the original database and does not present itself as a complete list of enterprises involved in settlement-related activity ⁴.

The September 2025 OHCHR publication describes the later release as an update to the business-and-settlement-activity database, while the supplied scan found no occurrence of “McDonald’s” in the corresponding A/HRC/60/19 document ^{7, 6}.

No public evidence identified of a McDonald’s-specific court judgment, regulator enforcement action, parliamentary record, or canonical NGO investigation concerning settlement activity, product-origin labeling, or Israeli-state financing in the bounded source set ^{4, 5, 7, 6}.

Investment, Capital & Financial Exposure

McDonald’s announced on 4 April 2024 that Omri Padan, then CEO and owner of Alonyal Limited, had signed an agreement to sell Alonyal to McDonald’s Corporation ¹.

At announcement, McDonald’s described Alonyal as the operator of its Israeli business for more than 30 years, with 225 restaurants and more than 5,000 employees ¹.

McDonald’s completed the acquisition on 2 July 2024, when Alonyal owned and operated 228 McDonald’s restaurants in Israel ².

Following the acquisition, McDonald’s stated that Alonyal’s financial statements would be consolidated and that restaurant revenue would be recorded as company-operated sales rather than royalties from a former developmental licensee within the International Developmental Licensed Markets & Corporate segment ².

McDonald’s 2024 Form 10-K reports the acquisition of 228 Israeli restaurants from franchisees and places the acquired business in the International Developmental Licensed Markets & Corporate segment ⁸.

The 2024 filing records the Israeli acquisition among restaurant acquisitions that generated, in aggregate, approximately $150 million in net tangible assets, $270 million in identifiable intangible assets, and $240 million in goodwill, without allocating those amounts or a purchase price specifically to Israel ⁸.

McDonald’s reported that the Israeli acquisition contributed to revenue growth in the International Developmental Licensed Markets & Corporate segment and to increased cash used for investing activities in 2024 ⁸.

The 2024 annual report identifies the Israel-business acquisition as a contributor to increased cash capital expenditures but does not separately disclose Israeli revenue, purchase consideration, or country-specific operating profit ³.

No public evidence identified of Israeli R&D facilities, innovation centres, Israeli sovereign-bond holdings, Israel-focused funds, or Israeli operating-company acquisitions other than Alonyal in the reviewed materials ^{1, 2, 3}.

Operational Presence & Market Activity

McDonald’s has an operational presence in Israel through the 228 restaurants acquired in 2024, which its SEC filing identifies as consolidated, company-operated activity from 2 July 2024 ^{2, 8}.

McDonald’s stated in April 2024 that it remained committed to the Israeli market and would retain Alonyal’s more than 5,000 employees on equivalent terms ^{1, 9}.

In October 2023, before the corporate acquisition, Reuters reported that McDonald’s Israel announced free meals for the Israeli military ¹⁰.

Reuters reported that McDonald’s characterized the Israeli franchisee as an independent business owner licensing the brand at that time, so the reported conduct predates McDonald’s acquisition of Alonyal ¹⁰.

The reviewed filings do not provide Israel-specific revenue, tax contribution, warehouse-footprint, individual restaurant-location, or country-specific market-position data ^{2, 3, 8}.

A June 2013 report stated that McDonald’s Israel declined a proposal for an Ariel branch and attributed the refusal to a policy against operating a West Bank franchise, but the report concerns the former franchise arrangement and does not establish whether that policy remained in force after the 2024 acquisition ¹¹.

No public evidence identified of McDonald’s or Alonyal outlets, delivery activity, or supply-and-distribution activity in East Jerusalem, West Bank, or Golan Heights settlements within the focused searches ^{1, 2, 3}.

Corporate Structure & Foundational Ties

McDonald’s Corporation is a Delaware corporation with principal executive offices in Chicago, Illinois, and its common stock trades on the New York Stock Exchange under the symbol MCD ¹².

McDonald’s describes itself and its subsidiaries collectively as the Company and states that it franchises and owns or operates restaurants in more than 100 countries ¹².

At year-end 2025, approximately 95% of McDonald’s 45,356 restaurants were franchised ¹².

McDonald’s was not Israeli-founded, because its Israeli business was operated by Alonyal under a developmental-license arrangement for more than 30 years before the 2024 acquisition ^{1, 2}.

Current corporate governance materials identify Christopher Kempczinski as Chairman and CEO and Miles D. White as Lead Independent Director ¹³.

McDonald’s 2025 proxy statement listed The Vanguard Group and BlackRock, Inc. as the only disclosed beneficial owners above 5% as of 31 December 2024, at 9.52% and 7.20% respectively, and did not identify an individual controlling shareholder ¹⁴.

The reviewed filings and corporate materials do not establish Israeli incorporation, domicile, tax residence, control, state ownership, government board appointments, golden shares, critical-infrastructure designation, Preferred Technology Enterprise status, or another structural governance mechanism tying McDonald’s to the Israeli state ^{1, 2, 3, 12}.

The reviewed materials do not identify the post-acquisition Israeli registered-subsidiary name, the ownership percentage held through the transaction, or whether Alonyal itself became a wholly owned subsidiary rather than its operations or assets being acquired ^{1, 2, 8}.

Profit Repatriation & Economic Contribution

From 2 July 2024, revenue from the acquired Israeli restaurants was to be recorded as McDonald’s company-operated sales instead of franchise royalties paid by Alonyal ².

The reviewed SEC materials do not disclose the amount of Israel-derived revenue, detailed cash-remittance flows, Israeli tax payments, or country-specific operating profit following the acquisition ^{2, 3, 8}.

McDonald’s announced that Alonyal had more than 5,000 employees at the time of the April 2024 agreement, but the reviewed materials do not provide a post-acquisition Israeli workforce figure ^{1, 9}.

No public evidence identified of an official assessment designating McDonald’s or Alonyal as Israeli critical infrastructure or quantifying its national economic contribution beyond the reported restaurant and workforce figures ^{1, 2, 3}.