Western Food Brands See Profits Tank Due To Boycott For Israeli Ties
Companies operating western food and drinks brands in Muslim countries are suffering significant losses due to an ongoing boycott of firms doing business with Israel amid its genocide of Palestinians in Gaza, the Financial Times reported on 5 August.
Consumers in majority Muslim nations, such as Egypt, Indonesia, Saudi Arabia, and Pakistan, are boycotting companies such as McDonalds, Coca-Cola, Pepsi, KFC, Starbucks, Mondelez, and Pizza Hut to protest their support for Israel in the war in Gaza.
“This event is unprecedented. The length of this conflict is unprecedented. The intensity is unprecedented,” Amarpal Sandhu, chief executive of Americana Restaurants, stated on a conference call