Rami Levy Hashikma Marketing [SEP] industry
Rami Levy Hashikma Marketing
Rami Levy Hashikma Marketing (, Rami Levy Shivuk Hashikma) is the third largest Israeli retail supermarket chain, behind Shufersal Ltd. and Alon Holding–Blue Square Ltd., with annual revenues of NIS 1.14 billion (US$401 million). Founded in 1976 on Rehov Hashikma (Sycamore Street) in the Mahane Yehuda Market district, Rami Levy was Israel's first discount store. The chain claims to slash the price of the average basket of goods by as much as 20%. The company went
with the group of Jewish investors headed by Levy.
Rami Levy Hashikma Marketing owns 65% of the land on which its supermarkets stand, including approximately of land in Mevasseret Zion, Modiin, Gush Etzion, and Pardes Hanna. The company uses its own equity – estimated at NIS 500 million (US$139 million) – for its commercial real estate purchases.
Diversification Cellular communications.
In September 2010 Rami Levy Hashikma Marketing became the fourth company in Israel to receive a mobile virtual network operator license from the Israel