Hamashbir Lazarchan ( he, המשביר לצרכן) is an Israeli chain of

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic app ...

s. Hamashbir consists of 33 branches across the country.New Hamashbir Lazarchan Ltd.
BDICode It is distinct from its predecessors, the consumer cooperative Hamashbir (1916–1930), reorganised as the wholesale supplier Hamashbir Hamerkazi in 1930. The original Hamashbir was set up with the goal of supplying the Jewish communities of Palestine with food at affordable prices during the terrible shortage years of the

First World War World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

History

The chain was founded by the

Histadrut Histadrut, or the General Organization of Workers in Israel, originally ( he, ההסתדרות הכללית של העובדים בארץ ישראל, ''HaHistadrut HaKlalit shel HaOvdim B'Eretz Yisrael''), is Israel's national trade union center ...

in 1947. In 2003, Rami Shavit and a group of investors acquired the department store chain, operating the company under the new name, New Hamashbir Lazarchan Ltd.New HaMashbir Latzarchan Ltd.
Bloomberg Businessweek, accessed on July 21, 2010 In 2007, the company went public on the

Tel Aviv Stock Exchange The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...

with a NIS 6.6 million stock offering and bonds valued at NIS 50 million.

Branches

In 2011, a new branch of Hamashbir opened at

Zion Square Zion Square ( he, כיכר ציון, ''Kikar Tziyon'') is a public square in Jerusalem, located at the intersection of Jaffa Road, Ben Yehuda Street, Herbert Samuel Street, and Yoel Moshe Salomon Street. The square is one of the vertices of ...

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

. The 7-story building incorporates elements of two 19th-century historic buildings previously slated for preservation. The building was designed by Jerusalem architect Amazia Aaronson. It faces the square and

Jaffa Road Jaffa Road ( he, רחוב יפו, Rehov Yaffo; ar, شارع يافا) is one of the longest and oldest major streets in Jerusalem. It crosses the city from east to west, from the Old City walls to downtown Jerusalem, the western portal of Jer ...

.A new consumer shrine?
'' Haaretz''

References

{{Reflist Retail companies of Israel Department stores of Israel Companies listed on the Tel Aviv Stock Exchange Israeli brands Companies based in Netanya

History

Branches

See also

References