On Tuesday, the massive French grocery chain Carrefour launched 50 locations throughout Israel.
The worldwide retail chain’s arrival in Israel is anticipated to promote competition and drive down customer prices.
In Israel, Carrefour will operate three different types of stores: smaller convenience stores named Carrefour Market,
Neighborhood shops are called Carrefour City, and larger discount shops are called Carrefour Hyper (in Ra’anana, Netanya, and Beit Shemesh).
Benjamin Netanyahu, the prime minister of Israel, welcomed the action as “gigantic news.”
Israel benefits from what is good for Europe. In the future, prices would drop by hundreds of percent on thousands of products, according to Netanyahu, who announced while touring a new branch with Economy and Industry Minister Nir Barkat on Monday evening.
“This is the beginning of a change, which started when we made education free for children ages 0 to 3.”
He continued for the interest of Israeli citizens; we are working together to combat rising living costs and increased competitiveness.
Carrefour decided to open 50 outlets on its first day of business because Israel has joined its 50 operating nations.
Two hundred fifty million shekels, or roughly $68 million, have been invested in the launch by the corporation.
It intends to have up to 100 branches around the country by the end of the year.
Around 14,000 Carrefour locations are active worldwide.
In public opinion surveys, Israelis frequently cited the high living expense as their top issue.
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