More than ten interested parties have purchased forms for the tender to purchase ailing supermarket chain Clubmarket, according to the Haaretz newspaper.


 


Six of the contenders have already visited the information centre, and five of them have been publicly identified, it said. They include the two largest chains, Supersol and Blue Square Israel; Rami Levy, who owns Rami Levy Shivuk Hashikma; Shlomo Rodev, owner of Israel Cold Storage and Supply; and the American real estate group Sheetrit, in partnership with Arik Elkayam, one of the owners of French company Elkain, which manages the Premier Club brand for Clubmarket.


 


Each bidder laid down 15,000 shekels (US$3.322)  which means the troubled supermarket has already bagged 150,000 shekels. The company is under temporary court protection from its creditors after acrruing debts of some 1.3bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

 


Market sources fear the minor independents won’t be able to match the bids of the big chains. The assumption is that the major chains wouldn’t be required to invest in marketing campaigns, and that it would be worth it for them to pay a premium to knock out the competition.