Carrefour to bring French revolution to Israeli retail
Carrefour's entry will rock the secure ground on which Shufersal has stood for many years and challenge other supermarket chains like Victory, Rami Levy and Yochananof.
Stay updated with breaking news from Electra Consumer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Carrefour's entry will rock the secure ground on which Shufersal has stood for many years and challenge other supermarket chains like Victory, Rami Levy and Yochananof.
Miniso began operating in Israel three and a half years ago and currently has 25 stores.
Officials from Israel's Ministry of Economy and Industry have been holding talks with Lulu, based in Abu Dhabi.
LuLu has annual revenue of $8 billion and operates 227 stores and 24 shopping malls in 22 countries in the Middle East, Asia, the US and Europe.
The move, which comes via a franchising agreement with an Israeli firm, comes after years of attempts to bring international food chains into the country