|Type||Public TASE: MSBZ|
|Key people||Rami Shavit (CEO)
Hadar Olsker (CFO)
Nissim Hassan (COO)
|Revenue||NIS 907 million (2006)|
The chain was founded by the Histadrut 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. In 2007, the company went public on the Tel Aviv Stock Exchange with a NIS 6.6 million stock offering and bonds valued at NIS 50 million.
In 2011, a new branch of Hamashbir opened at Zion Square in Jerusalem. 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.
- New HaMashbir Latzarchan Ltd., Bloomberg Businessweek, accessed on July 21, 2010
- New Hamashbir Lazarchan Ltd., BDICode
- Hamashbir opens new Zion Square Jerusalem department store
- A new consumer shrine? Haaretz