Electra Consumer Products mulls Carrefour Israel IPO

• Published date: 29 May 2023
• Author: Shira Sapir
• Publication title: Globes (Rishon LeZion, Israel)

Israeli supermarket chain Yeinot Bitan reported a net loss of NIS 82 million in the first quarter of 2023, according to the financial report of Electra Consumer Products (TASE: ECP), which fully owns the chain. Yeinot Bitan lost NIS 14.5 million in the corresponding period of 2022. At the start of May, Yeinot Biotan launched 50 branches of Carrefour, around the country after its branches had been closed for renovations for several months

As a results of the closures, revenue in the first quarter of 2023 fell...