Competitors Commissioner Adv. Michal Cohen has knowledgeable grocery store chain Shufersal (TASE: SAE) of her intention of imposing a monetary sanction of NIS 8 million, topic to a listening to, after the corporate gave a partial response to calls for for knowledge.
The Competitors Authority’s demand was despatched to Shufersal, in addition to to different grocery store chains, as a part of a complete examine of the meals retailing sector in Israel, with the intention of analyzing its prices and costs construction.
The Competitors Authority experiences that Shufersal despatched an incomplete response on its working prices, and that the lacking knowledge had been finally despatched after months and repeated approaches.
“Receiving full, exact knowledge with out delays is critically necessary to the work of the Competitors Authority, whether or not in enforcement procedures by the Authority, or in examinations of the implications of mergers and offers for which approval is requested, or in market investigations that the Authority carries out,” the Competitors Authority said, including that “the Competitors Commissioner has the authorized energy to require knowledge underneath part 46b of the Financial Competitors Regulation… the Competitors Authority will proceed to behave determinedly to make sure that all required knowledge are offered in full, reliably and precisely, and can take enforcement measures towards entities in breach of the regulation.”
Shufersal will be capable to current its case to the Competitors Commissioner earlier than a remaining determination is made on the tremendous.
Shufersal mentioned in an announcement: “Shufersal acts in full compliance with the regulation. The corporate receives many calls for for knowledge from the Competitors Authority, and repeatedly supplies knowledge to it in enormous portions, and cooperates totally. That’s the way it was within the case in query, and the corporate due to this fact believes that there is no such thing as a foundation for the notification of the legal responsibility. The corporate will make its arguments on the substance of the case within the listening to process.”
On the finish of 2024, the Shopper Safety and Truthful Commerce Authority introduced its intention of imposing a NIS 2.1 million tremendous on Shufersal, Israel’s greatest grocery store chain, for failure to show costs, show of costs with out VAT, variations in worth between the shelf and the checkout, breach of the disclosure obligation for merchandise topic to cost controls, and deceptive show of costs. The breaches weren’t at Shufersal’s common shops, however at its wholesale format braches braded as Money & Carry.
A month earlier, the Shopper Safety and Truthful Commerce Authority imposed a NIS 800,000 tremendous on the Rami Levi Chain Shops Hashikma Advertising and marketing 2006 (TASE: RMLI) for comparable breaches at a department on an identical format.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Might 22, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
