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Towards an upheaval in the market: Smotrich is working to bring the Costco chain to Israel Israel today

2023-02-04T18:06:45.901Z


Finance Minister to the retail giant: "It will be a great achievement if you come to Israel" The war on the cost of living may receive a significant windfall. Finance Minister Bezalel Smotrich recently contacted the Costco chain and suggested they come to Israel. If the move succeeds, it may shake up the food market in Israel. Costco is the largest chain of wholesale stores in the USA and the ninth largest in the world. One of the favorites of American Jews. The chain operates hundreds o


The war on the cost of living may receive a significant windfall.

Finance Minister Bezalel Smotrich recently contacted the Costco chain and suggested they come to Israel.

If the move succeeds, it may shake up the food market in Israel.

Costco is the largest chain of wholesale stores in the USA and the ninth largest in the world. One of the favorites of American Jews. The chain operates hundreds of stores in the USA, Canada, Australia, Japan, Spain and more, and is considered the second largest food chain in the world after Walmart.

"We don't set the prices": Smotrich refers to the price of fuel // Photo: Yehuda Schlesinger

In a letter that Smotrich sent to the managers of the chain, he wrote that "the Israeli government has set itself the goal of increasing Israeli competition in the food market in Israel. It would be a great achievement if international players like your company enter. We want to interest you in entering the Israeli market, we have an opportunity and shared goals", Smotrich He concluded by saying that he is waiting to discuss this with the company's leaders on his next visit to the US.

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Source: israelhayom

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