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Victory Chain Owner Seeks to Acquire Carrefour Israel Franchise
Eyal Ravid, owner of the 'Victory' supermarket chain, is seeking approval to acquire a 30% stake in Global Retail, the operator of Carrefour in Israel, as part of an IPO. Victory plans to gain controlling interest and then, with institutional investors, absorb Carrefour, rebranding its stores under the Victory name.
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What happened
- 01Victory supermarket owner Eyal Ravid seeks to acquire a 30% stake in Carrefour Israel's operator.
- 02The acquisition is part of Carrefour Israel's planned November initial public offering.
- 03Victory aims to eventually absorb Carrefour Israel and rebrand its stores.
- 04The combined chain would grow from 67 to approximately 210 stores.
- 05This move would make the merged entity a major player in Israel's food retail sector.
This would expand Victory's store count from 67 to about 210, making it a top competitor in the Israeli food retail market.
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