Dudu Ezra Group Acquires Stop Market for $180 Million
Translated & summarized from Maariv by baba
The Dudu Ezra Group has acquired the Stop Market supermarket chain for 680 million shekels, a deal approved by the Competition Authority. The combined entity will operate 23 branches with projected annual sales of 1.5 billion shekels. The group plans to open ten new branches and merge customer loyalty programs. This acquisition is expected to increase purchasing power and streamline operations.
The story in 5 lines · by baba
- Dudu Ezra Group acquired Stop Market for 680 million shekels.
- The Israeli Competition Authority approved the supermarket chain acquisition.
- The combined entity will operate 23 branches with 1.5 billion shekels in annual sales.
- Ten new branches are planned for opening in the coming year.
- Customer loyalty programs will be merged, aiming for over 500,000 members.
The Dudu Ezra Group, owner of the Shuk Ha'herzel supermarket chain, has acquired Stop Market for approximately 680 million shekels (about $180 million). The Israeli Competition Authority approved the deal on Sunday. Following the acquisition, the combined entity will operate 23 branches, with projected annual sales reaching 1.5 billion shekels. The Dudu Ezra Group, founded in 1989, specializes in fresh produce and logistics, operating 12 Shuk Ha'herzel branches and managing about 100 fresh produce departments for other retailers. Stop Market, established 26 years ago by Yossi Meshiah, comprises 11 large branches focusing on premium products and employs around 900 people.
The Dudu Ezra Group plans to expand by opening ten new branches in the coming year, primarily in northern Israel. The company also intends to merge the customer loyalty programs of both chains, aiming for a combined membership of over half a million customers. This integration is expected to enhance purchasing power with suppliers and streamline procurement, trade, and logistics operations. The group anticipates that combined sales could reach 2 billion shekels by the end of 2027, with a particular focus on integrating Stop Market's retail operations with the Dudu Ezra Group's established fruit and vegetable procurement and distribution capabilities.
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