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Carrefour Israel Tel Aviv branch inset Simon Pinto credit: Bar Lavi, ZAKA Spokesperson PFH completes NIS 80m investment in Carrefour Israel

This week Carrefour opened three new stores in Israel in Tel Aviv, Givatayim and Ramla, bringing the total number of Carrefour stores in Israel to 86.

Amir brothers and Itzik Abercohen credit: PR, Tamar Matsafi and Tali Bogdanovksy Amir brothers complete Shufersal takeover

Chairman Itzik Abercohen is expected to receive a golden parachute payment of NIS 8 million, while CEO Ori Watermann will receive NIS 6 million.

Ron Rotter credit: Sherban Lupo Castro to expand to US to market Yves Rocher

The Israeli fashion group has been granted exclusive rights to the French cosmetics brand in the US.

Yossi and Shlomo Amir credit: PR, Tali Bogdanovsky Amir brothers to win control of Shufersal

All six institutional investors, which own 64% of Israel's largest supermarket chain, support selling 40% of their shares to Shlomi and Yossi Amir.

Shufersal branch credit: Shutterstock Despite US bid, Amir brothers favorites to buy Shufersal

A US consortium led by Michael Alpert has become the third group to bid buy a controlling stake in the Israeli supermarket chain.

Zwi Williger credit: Eyal Izhar Zwi Williger tops Amir brothers bid for Shufersal

Zwi Williger, founder and chairman of food importer G. Willi Food International has submitted a bid to buy a 24.9% controlling stake in Shufersal at a company valuation of NIS 6.5 billion.

Yossi and Shlomo Amir credit: PR, Tali Bogdanovsky Amir brothers bid for controlling Shufersal stake

The Amir brothers, who sold supermarket chain Freshmarket to Paz in 2021, have offered to buy a 24.9% stake at a company valuation of NIS 6 billion.

Are food price rises in Israel justified?

Not according to commodity price indexes, but the importers and manufacturers blame other factors, while on the consumer side there are calls for radical market restructuring.

Strauss logistical center in Shoham  credit: Shutterstock/Igal Vaisman Strauss Group to hike prices, lay off 150 workers

Prices of a quarter of food company Strauss's products will rise from February, its fourth price hike in thirteen months.

Carrefour Israel Tel Aviv branch inset Simon Pinto credit: Bar Lavi, ZAKA Spokesperson French businessman to invest NIS 80m in Carrefour Israel

Bansard International president Simon Pinto will also bring years of experience in logistics, shipping and supply chain management.

Ori Watermann, Liora Ofer and Danna Azrieli credit: Yonatan Bloom, Inbal Maramary, Arik Sultan Four Israeli online marketplaces close

Major players like Azrieli, Melisron and Shufersal have left the field leaving Walla! Shops, Super-Pharm and KSP vying to become the Israeli Amazon.

Golf & Co. store credit: Shira Sapir Golf to close 20 stores

The Israeli fashion and homeware retail chain also reported that it will lay off 30% of head office employees.

Azrieli.com website  screenshot Azrieli Group closing Azrieli.com

The e-commerce website and app lost Azrieli Goup hundreds of millions of shekels.

Victory CEO Eyal Ravid credit: Omer Vidar Victory City Tel Aviv supermarket chain in sale talks

With competition growing in Tel Aviv, Victory prefers to focus resources on large branches in more peripheral locations.

Carrefour hyper branch Ra'anana credit: Shira Sapir Carrefour Israel loss narrows

Electra Consumer Products food retail sector saw losses of NIS 7 million in the third quarter of 2023, compared with NIS 51 million before the stores were converted to Carrefour.

Carrefour Israel credit: Galit Hatan Carrefour Israel workers c'tee warns on branch closures

Eyal Eli: We warn in advance not to surprise us with any step or plan that would harm employees, the collective agreement and the closing of branches and their sale.

Uri Kilstein  credit: Inbal Marmari CEO's departure a sign of Carrefour Israel's difficulties

The retail chain, controlled by the Salkind brothers' Electra Consumer Products, racked up huge losses in the first half year.

Harel Wizel credit: Dima Taliansky Fox puts up to 50% of employees on unpaid leave

Senior executives will also take a 50% pay cut over the next 30 days, while Hamashbir has put 40% of employees on unpaid leave.

Big Shopping Center credit: PR Big Shopping Centers Shopping centers, malls in Israel partially reopen

Big Shopping Centers CEO Hay Galis sent a letter to tenants last Thursday proposing that they reopen.

Emp[ty shelves of canned foods credit: Dafna Levy Panic buying in Israel after army instructions to stock up

The IDF Home Command has instructed Israelis to keep emergency supplies of canned food, water, medication, and torches, so they can survive 72 hours locked in their security room.

Israeli superrmarket shelves credit: private image Empty shelves and shortages as Israelis stock up

Options are being examined to import potatoes, peppers and other vegetables that are grown in the besieged and bruised south and supplied from there to the rest of the country, and the shortages are still noticeable in many branches.

Shufersal branch credit: Shutterstock McKinsey advising Shufersal on streamlining plan

Israel's largest retailing chain has hired management consultancy company McKinsey to help it form a streamlining plan to cut operational spending and increase profitability.

Yitzchak Mirilashvili credit: wikimedia ,RONENGOLDMAN.COM Yitzchak Mirilashvili takes minority stake in SPAR Israel

Mirilashvili will replace Shufersal, which did not take up the option for its 19.9% because of restrictions placed on it by the Israel Competition Authority.

SPAR store  credit: Shutterstock Shufersal pulls out of SPAR Israel partnership

SPAR will open stores in Israel without Shufersal as a minority partner, after the Israel Competition Authority imposed restrictions on the partnership.

Ben Gurion airport credit: Shutterstock Ben Gurion airport Terminal 3 set for enlargement

In 2024, as part of the expansion project, commercial space will be increased and adapted to passengers' demands, with stress on price controls.

Cost of living credit: Tali Bogdansky Israel to ease food imports by recognizing EU regulations

Carrefour can currently only import 500 of its 5,000 private label products because Israeli regulation is different from EU regulation.

SPAR credit: Shutterstock SPAR to open first Israel store in early 2024

The 2,500 square meter store will be in Kfar Saba, sources inform "Globes."

Carrefour branch in Ra'anana  credit: Lens Productions Carrefour losses weigh on Electra Consumer Products

Electra Consumer Products is seen unlikely to exercise its option on another 49.9% of the Carrefour-Yeinot Bitan supermarket chain.

Shufersal branch credit: Shutterstock Shufersal reports stable Q2 sales, operating profit up 23%

The retailing giant's Be pharmacy chain continues to record unimpressive results.

Giora Bardea  credit: Eyal Izhar Competition Authority warns Strauss of pending indictments

Food company Strauss Group, its former CEO Giora Bardea, and its CFO Ariel Chetrit, are alleged to have coordinated price rises with competitors though public statements.

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