Category: Shufersals
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Shufersal’s performance improves under Amir brothers
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The hard work of brothers Yossi and Shlomi Amir since becoming controlling shareholders in the Shufersal (TASE: SAE) retail chain is starting to show results. Israel’s largest supermarket chain posted a 153% jump in net profit in the second quarter, to NIS 169 million. During the quarter, the Amir brothers…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…