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Carrefour Seeks To Buy Stake In Israel-Based Victory Supermarket Chain

March 10, 2016: 12:00 AM EST
French retailer Carrefour SA is negotiating to invest in Victory Supermarket Chain Ltd., the fourth-largest supermarket chain in Israel. Seen as part of Carrefour’s efforts to gain access to the country’s almost $9 billion retail market, the reported negotiations come as Victory is planning to submit a bid for Alon Blue Square Israel Ltd.’s troubled Mega Supermarket Chain.
Sharon Wrobel, "Carrefour in Talks to Enter Israel Market With Victory Deal", Bloomberg, March 10, 2016, © Bloomberg L.P.
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