Levy's Kupix Network Acquires the Candy Web for £ 18m. • Levy: "We'll learn the Web, maybe it will become" Rami Levy in the Neighborhood ""

• Rami Levy // Photo: Oren Ben Hakon

A copy of the Copics and Little Switzerland deal was completed four months after Rami Levy signed an agreement to purchase the candy chain for NIS 18 million.

All retail operations of the Little Switzerland chain as well as the brand name were sold to Super Copics, owned by Rami Levy for NIS 18 million plus the cost of existing inventory. Super Copics, through which the deal was concluded will operate 4 stores: Ramat Gan, Netanya, Petah Tikva and Holon.

Little Switzerland, founded 25 years ago, is a company owned by businessman Shlomo Franco, which owns a network of food retail branches and sells many brands of parallel imports, with an annual turnover of about NIS 70 million a year; And non-branded sweets. This is a very significant deal for Super Copics, which is an important element of some of its recovery plan after it was acquired by Remy Levy.

This is the first acquisition Levy has made since becoming the controlling owner of Copix over a year ago, and as stated, is a significant step in Levi's online recovery program, which includes Copix and its author network. Attorney Tal Sweet from Pale & Co. represented Little Switzerland in a deal with Rami Levy.

Rami Levi told Israel today, "We intend to study the new network. Maybe the network will become Rami Levy in the neighborhood, Super Copics or stay in Little Switzerland. Over the next few months the branches will continue to be Little Switzerland. We took the good things of the network and decide later what to do After learning. "

The Little Switzerland chain offers a wide selection of parallel import products, including many candy brands. When asked what the products will do with parallel imports, Levy says: "If the prices there are cheaper than what I buy - I will use the parallel imports. I will take the good things online. What I think can be good, I will connect it to the network."