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Rami Levy to Testify Against Rival Eyal Ravid in Price-Fixing Trial
Retail magnate Rami Levy will testify next week as a key prosecution witness against Eyal Ravid, CEO of the Victory chain, in a price-fixing trial. Ravid faces charges of illicitly interfering in the food market by allegedly pressuring suppliers to ensure competitors also raised prices.
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What happened
- 01Rami Levy will testify against rival Eyal Ravid in a price-fixing trial next week.
- 02Eyal Ravid is accused of illicitly interfering in the food market by coordinating price hikes.
- 03The trial is the first criminal case under the Food Law's prohibition on retailer interference.
- 04Prosecutors cite seized messages and recordings as evidence of Ravid's alleged actions.
- 05Levy's testimony will cover supplier negotiations and price increase dynamics in retail.
The case, considered a landmark, relies on seized messages and recordings. Levy's testimony will focus on supplier negotiations and price increase mechanisms.
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