Company Directory - Shufersal
Company Details - Shufersal
CCI Score
CCI Score: Shufersal
-17.76
0.01%
Latest Event
Shufersal Cancels Partnership Deal with Dutch SPAR Chain
Shufersal has backed out of a NIS 28 million deal to partner with the Dutch-owned SPAR chain in Israel due to regulatory restrictions and changing market conditions. This decision highlights the company's cautious approach to business deals that could potentially consolidate market power, aligning with ethical business practices and regulatory compliance.
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Shufersal is currently rated as an Enabler.
Latest Events
MAY012025Shufersal has backed out of a NIS 28 million deal to partner with the Dutch-owned SPAR chain in Israel due to regulatory restrictions and changing market conditions. This decision highlights the company's cautious approach to business deals that could potentially consolidate market power, aligning with ethical business practices and regulatory compliance.
+30
Business Practices and Ethical Responsibility
May 1
Shufersal's cancellation of the deal in response to regulatory challenges reflects a commitment to ethical business practices. By avoiding an arrangement that might have increased market concentration and potentially led to anti-competitive practices, the company demonstrates caution, aligning its actions with consumer protection and adherence to regulatory standards.
+10
Economic and Structural Influence
May 1
The deal's cancellation, driven by regulatory restrictions imposed by the Israel Competition Authority, underscores the structural challenges in Israel's concentrated food retail market. While adherence to regulatory measures supports fair market competition, it also highlights systemic issues that necessitate intervention to protect consumer interests.
- NOV092021
Competition Authority investigators raided Shufersal's offices on November 9, 2021, on suspicions of price-fixing. This development raises serious concerns about the company’s business practices and ethical responsibility, potentially harming consumer trust and fair market competition.
-80
Business Practices and Ethical Responsibility
March 23
The raid on Shufersal's offices over suspicions of price-fixing indicates unethical business practices that could undermine fair competition and consumer trust. Price-fixing not only harms the market but also reflects a broader disregard for ethical norms, potentially contributing to a corporate culture that may indirectly support authoritarian practices by prioritizing profit over public accountability.
Offices of Major Israeli Supermarket Chain, Food Maker Raided on Suspicions of Price-fixing
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Corporate Financials
- Revenue
- 2023
- $4.34B
Industries
- 445110
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- 448190
- Other Clothing Stores
- 445120
- Convenience Stores