Rami Levy raised prices during the war, raked in millions - and distributes dividends

March 28, 2024   

The supermarket chain 'Rami Levy Marketing Shekma' reported to the stock exchange that it had distributed dividends totaling 50 million shekels. This was reported today (Thursday) by Dana Yarkatzi on 'Kan News'. Who is the governor Rabbi Aharon Shlifa appeared with at the dedication of the house? • Watch until the end The stakeholders, Rami Levy and his family, who hold 40% of the company, are expected to withdraw dividends of 20 million shekels. The move comes after the chain, according to data from the Ministry of Economy, raised prices by approximately 4% during the war. In addition to Rami Levy, the Yochananoff chain also recorded a jump in operating profit in the fourth quarter of the year, estimated at 77 million shekels - an increase of 31%. From the profits, the chain will distribute dividends of 90 million shekels, of which the stakeholders, which include Eitan Yochananoff and his brother, 68%, will withdraw approximately 61 million shekels. According to data from the Ministry of Economy, Yochananoff raised prices during the war by approximately 3.5%. Another chain that made huge profits following price increases during the war is Shufersal, which recorded a jump in profits in 2023. As a result, the chain's new owners, Yossi and Shlomi Amir, former owners of Fresh Market, will receive a dividend of NIS 45 million, along with a dividend distribution of approximately NIS 180 million. Strauss also announced to the stock exchange on Tuesday that it would distribute a dividend of NIS 270 million to shareholders. Strauss Holdings, which is controlled by Ofra Strauss and her brothers, who own 57% of the company, will receive a dividend of approximately NIS 150 million.