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Economy07:15 · Sep 14

Victory Supermarket CEO's Recorded Remarks on Price Gouging Revealed

Ongoing story · 2 updates
Translated & summarized from Channel 13 by baba
The story · English

Recordings of Eyal Ravid, CEO of the Victory supermarket chain, have been revealed for the first time, showing him making disparaging remarks about customers and discussing price increases. In the recordings, aired by the investigative program "HaMakor" (The Source) on Channel 13, Ravid can be heard saying, "These morons really think we won't raise prices?" and "There are people here who are shit." The revelations come amid soaring prices for holiday shopping in Israel.

Ravid, who has previously positioned himself as a fighter against the high cost of living, is now facing accusations of price-fixing. The report questions how someone who presented himself as an opponent of inflated prices has become embroiled in allegations of coordinating price hikes. The program "HaMakor" is set to delve deeper into these recordings and allegations on Wednesday evening.

The investigation highlights the stark contrast between Ravid's public image and his private comments, raising questions about the practices within the supermarket chain during a period of significant economic strain for consumers.

Read the original at Channel 13
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