Hamashbir Lazarchan () 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 under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ...

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 shortage years of the

First World War World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting to ...

History

The chain was founded by the

Histadrut Histadrut, fully the New General Workers' Federation () and until 1994 the General Federation of Labour in the Land of Israel (, ''HaHistadrut HaKlalit shel HaOvdim B'Eretz Yisrael''), is Israel's national trade union center and represents the m ...

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 the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the ''Securities Law (1968)'' a ...

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 in

Jerusalem Jerusalem is a city in the Southern Levant, on a plateau in the Judaean Mountains between the Mediterranean Sea, Mediterranean and the Dead Sea. It is one of the List of oldest continuously inhabited cities, oldest cities in the world, and ...

. 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.A new consumer shrine?
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Haaretz ''Haaretz'' (; originally ''Ḥadshot Haaretz'' – , , ) is an List of newspapers in Israel, Israeli newspaper. It was founded in 1918, making it the longest running newspaper currently in print in Israel. The paper is published in Hebrew lan ...

References

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

History

Branches

See also

References