A PYMNTS Company

Israel: Mega grocery chain lashes out at antitrust authorities for strict regulation

By  |  February 18, 2013

The CEO of a wide-spread retail grocery chain is speaking out against a “standstill” market, picky consumers and tougher regulations. Super-Sol CEO Itzik Abercohen attended a retailers conference last Sunday where he had strong words to reflect on a shifting market. According to Abercohen, Super-Sol is no longer the epicenter for the nation’s shoppers; Super-Sol has about 270 stores around the nation. According to reports, Abercohen also faulted authorities for the chain’s struggles, noting that watchdogs do not differentiate between suburban or metropolis locations of its stores, yet still forces the company to slash prices. Super-Sol’s rival, Mega, was also pointed out for struggling against the authorities, particularly the nation’s Antitrust Authority.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Haaretz

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.