High-Tech Entrepreneur Set to Acquire McDonald's Israel Franchise
Translated & summarized from TheMarker by baba
High-tech entrepreneur Assaf Rappaport is expected to win the franchise for McDonald's 230 branches in Israel. The deal is reportedly close to being finalized, though not yet signed. McDonald's Israel's annual revenues have been around 1.8 billion shekels in recent years. Rappaport, who also owns Channel 13, has not yet commented.
The story in 5 lines · by baba
- Assaf Rappaport is expected to win the franchise for McDonald's 230 branches in Israel.
- The deal is reportedly close to being finalized, though not yet signed.
- McDonald's Israel generated 1.8 billion shekels in annual revenues recently.
- Rappaport is a high-tech entrepreneur and the new owner of Channel 13.
- Neither McDonald's nor Rappaport has commented on the report.
High-tech entrepreneur Assaf Rappaport is reportedly poised to win the bid for the McDonald's franchise in Israel, which operates 230 branches. Rappaport, who also recently acquired the Channel 13 television network, emerged as the leading candidate among several contenders for the lucrative deal. While the transaction has not yet been finalized, sources indicate it is expected to be signed soon. In recent years, McDonald's Israel has generated annual revenues of approximately 1.8 billion shekels, with the Israeli franchisee's profit margin hovering around 10% of turnover. Neither McDonald's nor Rappaport has yet commented on the developing story.
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