- Business
- Shufersal Ltd (TASE:SAE) operates Israel's largest supermarket chain, offering a comprehensive range of grocery and consumer products through approximately 316 supermarkets and 96 Be drugstore branches nationwide, including formats such as Shufersal, Shufersal Deal, Shufersal Big, Shufersal Sheli, Yesh Chesed, and Be; core offerings encompass meat, poultry and fish products, fresh vegetables and fruits, organic products, dairy, bakery items including frozen and fresh baked goods, toiletries, cosmetics, pharmaceuticals, food supplements, household goods, garden furniture, appliances, and over 1,300 Shufersal store-brand products, supplemented by online shopping via Shufersal Online, credit card and customer club services, and real estate operations through subsidiary Shufersal Real Estate Ltd involving commercial centers. Founded in 1958 and headquartered in Rishon LeZion, the company serves diverse customer segments across Israel, including Haredi communities via Yesh stores with stricter kashrut standards and family-oriented pricing, while maintaining a 20% market share in food retail. In 2024, Shlomi and Yossi Amir completed acquisition of a controlling 24.99% stake for NIS 1.5 billion from institutional investors, with Yossi Amir assuming the chairmanship and Shlomi Amir the CEO role; the company reported streamlined operations boosting first-quarter 2025 profit 77% despite lower revenue, achieved net cash surplus of NIS 312 million after eliminating prior financial debt, and continues seeking partners for finance offerings amid ongoing expansions in e-commerce and pharmaceuticals.