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	<title>KFC &#8211; The Milli Chronicle</title>
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		<title>Boycott campaigns over Gaza war hit Western brands in some Arab countries</title>
		<link>https://millichronicle.com/2023/11/boycott-campaigns-over-gaza-war-hit-western-brands-in-some-arab-countries.html</link>
		
		<dc:creator><![CDATA[NewsDesk Milli Chronicle]]></dc:creator>
		<pubDate>Fri, 24 Nov 2023 11:07:37 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[arab]]></category>
		<category><![CDATA[egypt]]></category>
		<category><![CDATA[israel]]></category>
		<category><![CDATA[KFC]]></category>
		<category><![CDATA[palestine]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=51691</guid>

					<description><![CDATA[Reuters An employee at McDonald&#8217;s corporate offices in Egypt who asked not to be named said the Egyptian franchise&#8217;s October]]></description>
										<content:encoded><![CDATA[
<p class="has-small-font-size"><strong>Reuters</strong></p>



<blockquote class="wp-block-quote">
<p>An employee at McDonald&#8217;s corporate offices in Egypt who asked not to be named said the Egyptian franchise&#8217;s October and November sales fell by at least 70% compared to the same months last year.</p>
</blockquote>



<p>Midway through a recent evening in Cairo, a worker cleaned tables in an empty McDonald&#8217;s restaurant. Branches of other Western fast-food chains in the Egyptian capital also appeared deserted.</p>



<p>All have been hit by a boycott campaign over Israel&#8217;s military offensive in the&nbsp;Gaza Strip&nbsp;since the deadly Hamas attack in southern Israel on Oct. 7.</p>



<p>Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco.</p>



<p>Some of companies the campaign is directed at are perceived to have taken pro-Israeli stances, and some are alleged to have financial ties to Israel or investments there.</p>



<p>As the campaign has started to spread, boycott calls circulated on social media have expanded to list dozens of companies and products, prompting shoppers to shift to local alternatives.</p>



<p>In Egypt, where there is little chance of people taking to the streets because of security restrictions, some see the boycott as the best or only way to make their voices heard.</p>



<p>&#8220;I feel that even if I know this will not have a massive impact on the war, then this is the least we can do as citizens of different nations so we don&#8217;t feel like our hands are covered in blood,&#8221; said 31-year-old Cairo resident Reham Hamed, who is boycotting U.S. fast food chains and some cleaning products.</p>



<p>In Jordan, pro-boycott residents sometimes enter McDonald&#8217;s and Starbucks branches to encourage scarce customers to take their business elsewhere. Videos have circulated of what appear to be Israeli troops washing clothes with well-known detergent brands which viewers are urged to boycott.</p>



<p>&#8220;No one is buying these products,&#8221; said Ahmad al-Zaro, a cashier at a large supermarket in the capital Amman where customers were choosing local brands instead.</p>



<p>In Kuwait City on Tuesday evening, a tour of seven branches of Starbucks, McDonald&#8217;s and KFC found them nearly empty. A worker at one Starbucks, who declined to be identified, said other U.S. brands had also been affected.</p>



<p>In Rabat, the capital of Morocco, a worker at a Starbucks branch said the number of customers had dropped off significantly this week. The worker and the company gave no figures.</p>



<p>McDonald&#8217;s Corp said in a statement last month that it was &#8220;dismayed&#8221; by disinformation regarding its position on the conflict and that its doors were open to all. Its Egyptian franchise has underlined its Egyptian ownership and pledged 20 million Egyptian pounds ($650,000) in aid to Gaza.</p>



<p>Starbucks did not respond to a request for comment on the campaign. In a statement on its website updated in October, it said it was a non-political organisation and dismissed rumours that it had provided support to the Israeli government or army.</p>



<p>Other Western companies did not immediately respond to requests by Reuters for comment.</p>



<p><strong>&#8216;Unprecedented Reaction&#8217;</strong></p>



<p>The boycott campaigns have spread in countries where pro-Palestinian sentiment has traditionally been strong. Egypt and Jordan made peace with Israel decades ago, but those deals did not lead to a popular rapprochement.</p>



<p>The protests also reflect a groundswell of anger over an Israeli&nbsp;military operation&nbsp;that is more destructive than previous offensives, causing a humanitarian crisis and killing 13,300 civilians, according to authorities in Hamas-run Gaza.</p>



<p>Israel said about 1,200 people were killed in the Hamas attack on Oct. 7, and that about 240 were taken&nbsp;hostage.</p>



<p>Previous boycott campaigns in Egypt, the Arab world&#8217;s most populous nation, had less impact, including those advocated by the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.</p>



<p>&#8220;The scale of the aggression against the Gaza strip is unprecedented. Therefore, the reaction, whether on the Arab street or even internationally, is unprecedented,&#8221; said Hossam Mahmoud, a member of BDS Egypt.</p>



<p>Some campaigners have singled out Starbucks for suing its workers&#8217; union over a post on the Israel-Hamas conflict, and McDonald&#8217;s after its Israeli franchise&nbsp;said&nbsp;it gave free meals to Israeli military personnel.</p>



<p>An employee at McDonald&#8217;s corporate offices in Egypt who asked not to be named said the Egyptian franchise&#8217;s October and November sales fell by at least 70% compared to the same months last year.</p>



<p>&#8220;We are struggling to cover our own expenses during this time,&#8221; the employee said. Reuters was not immediately able to verify the figures the employee provided.</p>



<p>Sameh El Sadat, an Egyptian politician and co-founder of TBS Holding, a supplier to Starbucks and McDonald&#8217;s, said he had noticed a drop or slowdown of about 50% in demand from his clients.</p>



<p><strong>Uneven Take-Up</strong></p>



<p>Despite efforts by targeted brands to defend themselves and retain business with special offers, boycott campaigns have continued catching on, in some cases outside the Arab world.</p>



<p>In Muslim-majority Malaysia, a worker at a McDonald&#8217;s in Putrajaya, Malaysia&#8217;s administrative capital, said the branch was seeing about 20% fewer customers, a figure that Reuters was not immediately able to verify.</p>



<p>Ride-hailing app Grab also faced calls for a boycott in Malaysia after the chief executive&#8217;s wife said she had fallen &#8220;completely in love&#8221; with Israel during visits there.</p>



<p>She later said the posts were taken out of context. The Malaysian arms of Grab and McDonald&#8217;s said following the boycott calls that they would donate aid for Palestinians.</p>



<p>Earlier this month,&nbsp;Turkey&#8217;s parliament&nbsp;removed Coca-Cola and Nestle products from its restaurants, with a parliamentary source citing a &#8220;public outcry&#8221; against the brands although no big Turkish company or state agency has cut ties with Israel.</p>



<p>Take-up of boycotts has been uneven, with no major impact seen in some countries including Saudi Arabia, the United Arab Emirates and Tunisia. Even where boycotts have a wider following, some people are sceptical they can have much effect.</p>



<p>&#8220;If we really want to boycott and support these people (Palestinians), we take arms and fight with them&#8230;Otherwise, no,&#8221; said Cairo kiosk owner Issam Abu Shalaby.</p>
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		<item>
		<title>India KFC operator Devyani International posts 43% drop in Q2 profit</title>
		<link>https://millichronicle.com/2023/11/india-kfc-operator-devyani-international-posts-43-drop-in-q2-profit.html</link>
		
		<dc:creator><![CDATA[NewsDesk Milli Chronicle]]></dc:creator>
		<pubDate>Tue, 07 Nov 2023 15:09:21 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[KFC]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=50557</guid>

					<description><![CDATA[Bengaluru (Reuters) &#8211; India&#8217;s Devyani International (DEVY.NS) reported a 43.2% fall in quarterly profit on Tuesday as a rise in raw material]]></description>
										<content:encoded><![CDATA[
<p><strong>Bengaluru (Reuters) &#8211; </strong>India&#8217;s Devyani International (DEVY.NS) reported a 43.2% fall in quarterly profit on Tuesday as a rise in raw material costs at the KFC and Pizza Hut operator overshadowed a bump in promotions-led demand at its fast-food chains.</p>



<p>Consolidated net profit fell to 333.5 million rupees ($4.01 million) for the second quarter ended September 30, from 587.6 million rupees a year ago.</p>



<p>&#8220;High inflation across industries and categories from a macro-economic perspective has led to a short-term impact on consumer sentiment and depressed consumer spending in the last few quarters,&#8221; Chairman Ravi Kant Jaipuria said in a statement.</p>



<p>However, Devyani&#8217;s revenue from operations rose 9.6% to 8.19 billion rupees, driven in part by its &#8220;Wednesday offers&#8221; at KFC and a one-plus-one deal at Pizza Hut.</p>



<p>The September quarter saw prices of several ingredients, including cheese and vegetables, rising, prompting many restaurants to even take tomatoes off the table.</p>



<p>Devyani, which is also the Indian franchisee for the Costa Coffee chain, said its total expenses jumped nearly 16.3% from a year earlier.</p>



<p>Indian food companies have also been battling slowing customer footfall as high inflation keeps consumers from discretionary spending. Retail inflation during the second quarter was between 5.02%-7.44%, driven by high vegetable prices.</p>



<p>Rival Sapphire Foods India (SAPI.NS), which also operates Pizza Hut in India, reported a 20% fall in quarterly same-store sales last week, saying it was &#8220;cautious&#8221; about opening more outlets.</p>



<p>McDonald&#8217;s operator Westlife Foodworld (WEST.NS) also posted a drop in profit in late October, blaming a slowdown in consumer spending and demand.</p>



<p>Shares of Devyani were up 2.3% at 194 rupees at 12:45 p.m. IST.</p>
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