HaaretzEconomy
Kamari Retail Acquires 50% Stake in Haredi Sausage Chain Zalman's
Translated & summarized from Haaretz by baba
Center-leftNeutral tone
Originalהאקזיט של זלמן: 50% מרשת הנקניקיות החרדית זלמנ'ס יימכרו לפי שווי של 7 מיליון שקל לקמרי קמעונאות
Plus
The story in 5 lines · by baba
- Kamari Retail buys 50% of Zalman's sausage chain.
- The deal is valued at NIS 7 million.
- Kamari plans to open 40 new Zalman's branches.
- Zalman's is a Haredi (ultra-Orthodox) food chain.
- Kamari operates 130 convenience stores.
Kamari Retail, which operates 130 convenience stores under brands including Seven Express, Candyland, Sweet & Toys, and Chamama Shoshelet Pechuchim, is acquiring a 50% stake in the Haredi sausage chain Zalman's. Zalman's is owned by Moshe Zalman Oliv.
The financial terms of the deal were not disclosed, but it is valued at approximately NIS 7 million for the company. Kamari Retail's objective is to expand Zalman's presence by opening 40 new branches across Israel.
