Blue Square-Israel has sealed its purchase of a majority stake in organic retailer Eden Briut Teva Market.

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Blue Square first announced the deal in August but said today (10 October) that it had completed its acquisition of a 51% stake. When the deal was first announced, Blue Square said it would pay NIS22.5m (US$5.6m).


Eden is a niche retailer set up four years ago, operating just two stores.


Blue Square CEO Zeev Kalimi said: “We expect that our joint efforts will boost our results while positioning us to benefit from one of the market’s strongest long-term growth drivers – organic food.”

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