Grocery store chain Keshet Teamim has begun an preliminary examination of the potential for a inventory market flotation at an anticipated valuation of about NIS 1 billion, the corporate’s CEO Keinan Maman advised “Globes”. At this stage, the corporate has no timetable for the transfer, and it’s not in want of elevating capital to finance its day-to-day enterprise.
The transfer is a part of the technique Maman has been conducting since he took up his submit two years in the past, of turning Keshet Teamim from a grocery store chain right into a broader retailing group.
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Keshet Teamim at the moment operates 26 supermarkets, and plans to open a further department in Kiryat Gat subsequent yr. Alongside the supermarkets enterprise, the group holds a ready meals firm, and patisserie chain Dudu Outmezgine, which has 22 branches. The corporate, which additionally operates at weekends, gives a variety of imported merchandise. It sees a flotation as a doable step within the enlargement of the group, and never as a manner of fixing an instantaneous money want.
In an interview with “Globes” when he grew to become CEO in 2024, Maman talked about the capital market as one of many firm’s doable objectives, however stated that earlier than that it needed to proceed to broaden and to construct a extra substantial group. At the moment, Keshet Teamim’s annual turnover was estimated at NIS 1.3 billion. If a flotation goes forward, Keshe Teamim will be a part of Shufersal, Rami Levy, Yochananof, Victory, and Tiv Taam as publicly traded grocery store chains.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 31, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
