Retailing

H&O invested NIS 500,000 in opening the 110 square meter store in the Azrieli mall in Modi'in.

Delta Brands has opened its first two lingerie branches in the country in Petah Tikva and Haifa.

McDonald's took the decision to buy its Israel franchise, CNBC reports, due to the fallout from the pro-Palestinian boycott against the fast food chain.

McDonald's Israel operates 225 fast food outlets and has 5,000 employees.

Chairperson Itzhak Abercohen and CEO Ori Watermann are about to hand Israel's largest supermarket chain over to brothers Shlomi and Yossi Amir.

The company sees Carrefour Israel becoming profitable this year, but is carrying out "substantial closures" of its 7-Eleven franchise stores.

The company has 250 employees including 45 in Israel, mainly development and data experts, product managers and marketing staff.

Dutch retail chain SPAR will open its first store in Israel next week in Kfar Saba and its second store in Beersheva towards the end of the year.

The US hamburger chain opened its first branch near Tel Aviv's Dizengoff Center last week.

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.

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

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

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

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, 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.

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.

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.

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

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

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

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

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

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

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.

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.

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

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

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.

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.