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HomeBlogIsraeli watchdog raids supermarket chain Shufersal and food group Strauss

Israeli watchdog raids supermarket chain Shufersal and food group Strauss

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A man pushes a shopping cart outside Shufersal, the largest supermarket chain in Israel, in the Jewish settlement of Mishor Adumim near Jerusalem, May 5, 2013. REUTERS / Amar Awad / Photo file

Jerusalem, November 9 (Reuters) – The offices of the Israeli supermarket chain Shufersal (SAE.TA) and food manufacturer Strauss Group were raided by the watchdog of competition in the country, the companies said on Tuesday.

In a regulatory case in Tel Aviv, Shufersal said that searches were conducted at its company offices, computers and documents were taken and the company’s CEO was questioned.

Strauss, a maker of snacks, fresh food and coffee, also said materials were taken and investigated by company executives and others.

The Competition Authority separately said it has opened an investigation and is examining a number of suppliers and chain stores on suspicion of breaches of competition law. He did not provide further details.

In a statement to Reuters, Shufersal said: “The company is acting in accordance with the law and will fully cooperate with law enforcement authorities.”

A Strauss representative was not immediately available for further comment.

Israeli media reported that Shufersal, the largest supermarket chain in the country, offers a website with discounted prices for the ultra-Orthodox sector, which provoked protests from the large secular population. Since Shufersal, the site has been closed.

The Tel Aviv Stock Exchange briefly halted trading in the two companies. Following the resumption of trading, Strauss and Shufersal shares fell 2.8% and 1.9%, respectively.

Report by Steven Scheer Edited by David Goodman

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