Super-Sol, Israel’s largest supermarket chain, is removing Unilever products from its shelves in an attempt to squeeze better terms of trade.
Super-Sol was prompted to employ tough bargaining tactics after it received a negative response from Unilever Israel CEO Moti Keren about increasing Super-Sol’s profits at Unilever’s expense.
Trade sources in Tel Aviv maintain that the increased demands made on manufacturers “were actually being made to finance its ILS1bn (US$218m) purchase of Clubmarket,” a rival supermarket chain.
Unilever said it was negotiating with Super-Sol to achieve an agreement for the benefit of consumers, while Super-Sol said: “We do not comment on our company’s relations with its suppliers.”
In protest, suppliers threaten to ask the anti trust commissioner to declare Super-Sol a monopoly.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData