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November 10, 2021

Israel food group Strauss raided by country’s competition watchdog

The supermarket chain Shufersal has also been raided by the Israel Competition Authority.

The premises of Israel food business Strauss Group have been raided by the country’s competition watchdog.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The supermarket chain Shufersal has also been hit by the Israel Competition Authority.

News agency Reuters quoted the competition authority as saying it was looking at a number of suppliers and stores on suspicion there may have been breaches of the laws governing competition.

Reuters and The Times of Israel newspaper quoted a regulatory filing in Tel Aviv by Shufersal, which said its corporate offices were searched, computers and documents were taken and the company’s chief executive was questioned.

Just Food has contacted Straus Group seeking its reaction. The company makes a range of food products, including snacks, and co-owns the Sabra dips business with US food and beverage giant PepsiCo.

In a statement quoted by Reuters and The Times of Israel, Shufersal said: “The company acts in accordance with the law and will cooperate fully with law enforcement authorities.”

Reports in the Israeli media suggest that Shufersal, the country’s biggest supermarket chain, was offering a website with discount prices for the ultra-Orthodox sector, prompting protests from the larger secular population.

The Tel Aviv Stock Exchange briefly halted trade in both companies after news of the raids emerged.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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