Yeinot Bitan: Difference between revisions
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Yeinot Bitan traces its roots to 1982, when Nahum Bitan purchased a small alcohol store in [[Ashkelon]], Israel.<ref name="calcalist-kimat-hinam" /><ref name="walla1" /> In 1995, Bitan purchased a disused movie theater and converted it into a supermarket. It proceeded to acquire small supermarket chains Hyper Rama ({{lang-he|היפר רמה}}) for {{ILS|70}} million, and Yad Yitzhak ({{lang-he|יד יצחק}}), in 2006 and 2007, respectively, and after the purchases counted 11 branches throughout Israel.<ref name="globes-investigation" /><ref name="walla1" /> In 2012 Yeinot Bitan purchased yet another chain, Kim'at Hinam Stores ({{lang-he|מחסני כמעט חינם}}), with 35 branches, more than the brand Yeinot Bitan itself, and a similar revenue.<ref name="calcalist-kimat-hinam" /> The merger was made possible by a {{ILS|50}} million loan from the selling party, and Yeinot Bitan invested an additional {{ILS|70}} million to renovate Kim'at Hinam's branches.<ref name="globes-investigation" /> |
Yeinot Bitan traces its roots to 1982, when Nahum Bitan purchased a small alcohol store in [[Ashkelon]], Israel.<ref name="calcalist-kimat-hinam" /><ref name="walla1" /> In 1995, Bitan purchased a disused movie theater and converted it into a supermarket. It proceeded to acquire small supermarket chains Hyper Rama ({{lang-he|היפר רמה}}) for {{ILS|70}} million, and Yad Yitzhak ({{lang-he|יד יצחק}}), in 2006 and 2007, respectively, and after the purchases counted 11 branches throughout Israel.<ref name="globes-investigation" /><ref name="walla1" /> In 2012 Yeinot Bitan purchased yet another chain, Kim'at Hinam Stores ({{lang-he|מחסני כמעט חינם}}), with 35 branches, more than the brand Yeinot Bitan itself, and a similar revenue.<ref name="calcalist-kimat-hinam" /> The merger was made possible by a {{ILS|50}} million loan from the selling party, and Yeinot Bitan invested an additional {{ILS|70}} million to renovate Kim'at Hinam's branches.<ref name="globes-investigation" /> |
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On June 30, 2015, it acquired Mega BaIr ({{lang-he|מגה בעיר}}), one of the largest and oldest supermarket chains in Israel, active in city centers, for {{ILS|455}} million. The chain had had about 120 branches, bringing Yeinot Bitan's total to over 180. This purchase included Mega's [[Haredi]]-oriented chain, Zol BeShefa ({{lang-he|זול בשפע}}), later renamed Shuk Mehadrin ({{lang-he|שוק מהדרין}}). In order to fund the acquisition, Yeinot Bitan sold real estate worth over {{ILS|100}} million and took on debt likely amounting to hundreds of millions from [[Bank HaPo'alim]], [[Bank Mizrahi-Tefahot]] and [[Harel Group]], among others.<ref name="calcalist-city" /><ref name="globes-investigation" /><ref name="themarker-mega" /> The joint chain was ordered by the [[Israel Competition Authority|Israel Antitrust Authority]] to sell multiple branches as a condition for approving the merger, but the chain failed to do so on time, and received a {{ILS|26}} million fine.<ref name="globes-investigation" /> |
On June 30, 2015, it acquired Mega BaIr ({{lang-he|מגה בעיר}}), one of the largest and oldest supermarket chains in Israel, active in city centers, for {{ILS|455}} million. The chain had had about 120 branches, bringing Yeinot Bitan's total to over 180. This purchase included Mega's [[Haredi]]-oriented chain, Zol BeShefa ({{lang-he|זול בשפע}}), later renamed Shuk Mehadrin ({{lang-he|שוק מהדרין}}). In order to fund the acquisition, Yeinot Bitan sold real estate worth over {{ILS|100}} million and took on debt likely amounting to hundreds of millions from [[Bank HaPo'alim]], [[Bank Mizrahi-Tefahot]] and [[Harel Group]], among others.<ref name="calcalist-city" /><ref name="globes-investigation" /><ref name="themarker-mega" /><ref name="ynet-mehadrin" /> The joint chain was ordered by the [[Israel Competition Authority|Israel Antitrust Authority]] to sell multiple branches as a condition for approving the merger, but the chain failed to do so on time, and received a {{ILS|26}} million fine.<ref name="globes-investigation" /> |
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In 2017, the Yeinot Bitan brand (not including Mega) spun off its 23 city-center branches into a new branch, Yeinot Bitan in the City.<ref name="calcalist-city" /> The year 2017 proved difficult for the chain and its owners, having disagreements with suppliers and liquidity issues, among others. That year, the chain's owner Nahum Bitan was investigated by the [[Israel Police]] for bribery vis-à-vis the mayor of [[Kfar Sava]]. He had previously been investigated for the same charge with the the mayor of [[Ashkelon]], but the charges had been dropped.<ref name="globes-investigation" /> |
In 2017, the Yeinot Bitan brand (not including Mega) spun off its 23 city-center branches into a new branch, Yeinot Bitan in the City.<ref name="calcalist-city" /> The year 2017 proved difficult for the chain and its owners, having disagreements with suppliers and liquidity issues, among others. That year, the chain's owner Nahum Bitan was investigated by the [[Israel Police]] for bribery vis-à-vis the mayor of [[Kfar Sava]]. He had previously been investigated for the same charge with the the mayor of [[Ashkelon]], but the charges had been dropped.<ref name="globes-investigation" /> |
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<ref name="calcalist-city">{{cite news|url=https://www.calcalist.co.il/marketing/articles/0,7340,L-3721492,00.html|title=נחום ביתן מעלה מחירים עם רשת עירונית חדשה|trans-title=Nahum Bitan Raises Prices with New City Chain|author=Kadosh, Nurit|work=[[Calcalist]]|date=September 19, 2017|accessdate=December 13, 2019|language=he}}</ref> |
<ref name="calcalist-city">{{cite news|url=https://www.calcalist.co.il/marketing/articles/0,7340,L-3721492,00.html|title=נחום ביתן מעלה מחירים עם רשת עירונית חדשה|trans-title=Nahum Bitan Raises Prices with New City Chain|author=Kadosh, Nurit|work=[[Calcalist]]|date=September 19, 2017|accessdate=December 13, 2019|language=he}}</ref> |
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<ref name="calcalist-kimat-hinam">{{cite news|url=https://www.calcalist.co.il/articles/0,7340,L-3576882,00.html|title=בלעדי ל"כלכליסט": עובדים בכמעט חינם קיבלו הודעה על מכירה ליינות ביתן|trans-title=Calcalist Exclusive: Kim'at Hinam Employees Received Message About Sale to Yeinot Bitan|author=Kalian, Gil|work=[[Calcalist]]|date=July 11, 2012|accessdate=December 13, 2019|language=he}}</ref> |
<ref name="calcalist-kimat-hinam">{{cite news|url=https://www.calcalist.co.il/articles/0,7340,L-3576882,00.html|title=בלעדי ל"כלכליסט": עובדים בכמעט חינם קיבלו הודעה על מכירה ליינות ביתן|trans-title=Calcalist Exclusive: Kim'at Hinam Employees Received Message About Sale to Yeinot Bitan|author=Kalian, Gil|work=[[Calcalist]]|date=July 11, 2012|accessdate=December 13, 2019|language=he}}</ref> |
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<ref name="globes-investigation">{{cite news|url=https://www.globes.co.il/news/article.aspx?did=1001221205|title=חידת ביתן: מה מסתתר באימפריה הקמעונאית שבנה נחום ביתן|trans-title=Bitan Mystery: What Hides Behind the Retail Empire Built by Nahum Bitan?|author1=Mozes, Shani|author2=Ma'anit, Hen|work=[[Globes]]|date=January 26, 2018|accessdate=December |
<ref name="globes-investigation">{{cite news|url=https://www.globes.co.il/news/article.aspx?did=1001221205|title=חידת ביתן: מה מסתתר באימפריה הקמעונאית שבנה נחום ביתן|trans-title=Bitan Mystery: What Hides Behind the Retail Empire Built by Nahum Bitan?|author1=Mozes, Shani|author2=Ma'anit, Hen|work=[[Globes]]|date=January 26, 2018|accessdate=December 13, 2019|language=he}}</ref> |
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<ref name="themarker-mega">{{cite news|url=https://www.themarker.com/advertising/1.2992679|title=נחתם הסכם לרכישת מגה: האם המחירים בערים יוזלו?|trans-title=Mega Acquisition Deal Signed: Will the Prices in the Cities Drop?|author=Dovrat-Mazritz, Adi|work=[[TheMarker]]|date=June 30, 2016|accessdate=December |
<ref name="themarker-mega">{{cite news|url=https://www.themarker.com/advertising/1.2992679|title=נחתם הסכם לרכישת מגה: האם המחירים בערים יוזלו?|trans-title=Mega Acquisition Deal Signed: Will the Prices in the Cities Drop?|author=Dovrat-Mazritz, Adi|work=[[TheMarker]]|date=June 30, 2016|accessdate=December 13, 2019|language=he}}</ref> |
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<ref name="walla1">{{cite news|url=https://finance.walla.co.il/item/3131750|title=נחום ביתן מתכונן לאתגרי העתיד: "אני לא צריך מותג פרטי"|trans-title=Nahum Bitan Readies for Future Challenges: "I don't need a private label"|author=Horesh, Hadar|work=[[Walla!]]|date=February 1, 2018|accessdate=December |
<ref name="walla1">{{cite news|url=https://finance.walla.co.il/item/3131750|title=נחום ביתן מתכונן לאתגרי העתיד: "אני לא צריך מותג פרטי"|trans-title=Nahum Bitan Readies for Future Challenges: "I don't need a private label"|author=Horesh, Hadar|work=[[Walla!]]|date=February 1, 2018|accessdate=December 13, 2019|language=he}}</ref> |
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<ref name="ynet-mehadrin">{{cite news|url=https://www.ynet.co.il/articles/0,7340,L-4922275,00.html|title=יינות ביתן השיקה רשת למהדרין חדשה-ישנה|trans-title=Yeinot Bitan Inaugurated an Old-New Chain|author=Kristal, Meirav|work=[[Ynet]]|date=February 14, 2017|accessdate=December 14, 2019|language=he}}</ref> |
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Revision as of 00:52, 14 December 2019
| Company type | Private |
|---|---|
| Headquarters | , Israel |
Key people | Nahum Bitan Nurit Bitan |
| Revenue | NIS 4.8 billion (2019) |
Number of employees | 8200 (2019) |
Yeinot Bitan (Template:Lang-he, lit. Bitan's Wines) is a family-owned Israeli supermarket chain. Along with its own brand, it owns the Mega chain. As of 2019, Yeinot Bitan runs nearly 200 stores in Israel.
History
Yeinot Bitan traces its roots to 1982, when Nahum Bitan purchased a small alcohol store in Ashkelon, Israel.[1][2] In 1995, Bitan purchased a disused movie theater and converted it into a supermarket. It proceeded to acquire small supermarket chains Hyper Rama (Template:Lang-he) for NIS 70 million, and Yad Yitzhak (Template:Lang-he), in 2006 and 2007, respectively, and after the purchases counted 11 branches throughout Israel.[3][2] In 2012 Yeinot Bitan purchased yet another chain, Kim'at Hinam Stores (Template:Lang-he), with 35 branches, more than the brand Yeinot Bitan itself, and a similar revenue.[1] The merger was made possible by a NIS 50 million loan from the selling party, and Yeinot Bitan invested an additional NIS 70 million to renovate Kim'at Hinam's branches.[3]
On June 30, 2015, it acquired Mega BaIr (Template:Lang-he), one of the largest and oldest supermarket chains in Israel, active in city centers, for NIS 455 million. The chain had had about 120 branches, bringing Yeinot Bitan's total to over 180. This purchase included Mega's Haredi-oriented chain, Zol BeShefa (Template:Lang-he), later renamed Shuk Mehadrin (Template:Lang-he). In order to fund the acquisition, Yeinot Bitan sold real estate worth over NIS 100 million and took on debt likely amounting to hundreds of millions from Bank HaPo'alim, Bank Mizrahi-Tefahot and Harel Group, among others.[4][3][5][6] The joint chain was ordered by the Israel Antitrust Authority to sell multiple branches as a condition for approving the merger, but the chain failed to do so on time, and received a NIS 26 million fine.[3]
In 2017, the Yeinot Bitan brand (not including Mega) spun off its 23 city-center branches into a new branch, Yeinot Bitan in the City.[4] The year 2017 proved difficult for the chain and its owners, having disagreements with suppliers and liquidity issues, among others. That year, the chain's owner Nahum Bitan was investigated by the Israel Police for bribery vis-à-vis the mayor of Kfar Sava. He had previously been investigated for the same charge with the the mayor of Ashkelon, but the charges had been dropped.[3]
Business and management
As of 2019, Yeinot Bitan was the third-largest supermarket chain in Israel, with 185 branches, NIS 4.8 billion in revenue, and 8,200 employees.[7] Its headquarters are in Rishon LeZion, Israel.[4] It operates stores under multiple brands: Yeinot Bitan, Yeinot Bitan in the City, Mehadrin Market (geared at the Haredi public) and Mega BaIr.[3]
Yeinot Bitan is run primarily by the Bitan family. Nahum Bitan heads the company, with his wife Nurit being co-owner. Nahum's brother Efi manages operations, his daughter Elinor is the legal adviser, and his son-in-law manages the import of household items. Yossi Bitan, Nahum's son, is deputy CEO.[3]
See also
References
- ^ a b Kalian, Gil (July 11, 2012). "בלעדי ל"כלכליסט": עובדים בכמעט חינם קיבלו הודעה על מכירה ליינות ביתן" [Calcalist Exclusive: Kim'at Hinam Employees Received Message About Sale to Yeinot Bitan]. Calcalist (in Hebrew). Retrieved December 13, 2019.
- ^ a b Horesh, Hadar (February 1, 2018). "נחום ביתן מתכונן לאתגרי העתיד: "אני לא צריך מותג פרטי"" [Nahum Bitan Readies for Future Challenges: "I don't need a private label"]. Walla! (in Hebrew). Retrieved December 13, 2019.
- ^ a b c d e f g Mozes, Shani; Ma'anit, Hen (January 26, 2018). "חידת ביתן: מה מסתתר באימפריה הקמעונאית שבנה נחום ביתן" [Bitan Mystery: What Hides Behind the Retail Empire Built by Nahum Bitan?]. Globes (in Hebrew). Retrieved December 13, 2019.
- ^ a b c Kadosh, Nurit (September 19, 2017). "נחום ביתן מעלה מחירים עם רשת עירונית חדשה" [Nahum Bitan Raises Prices with New City Chain]. Calcalist (in Hebrew). Retrieved December 13, 2019.
- ^ Dovrat-Mazritz, Adi (June 30, 2016). "נחתם הסכם לרכישת מגה: האם המחירים בערים יוזלו?" [Mega Acquisition Deal Signed: Will the Prices in the Cities Drop?]. TheMarker (in Hebrew). Retrieved December 13, 2019.
- ^ Kristal, Meirav (February 14, 2017). "יינות ביתן השיקה רשת למהדרין חדשה-ישנה" [Yeinot Bitan Inaugurated an Old-New Chain]. Ynet (in Hebrew). Retrieved December 14, 2019.
- ^ "מסחר – רשתות שיווק מזון" [Trade – Food Marketing Chains]. Coface BDI. 2019. Retrieved December 13, 2019.