Hamashbir Lazarchan

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Hamashbir Lazarchan
Type Public TASEMSBZ
Industry Department store
Founded Israel (1947)
Headquarters Netanya, Israel[1]
Area served Israel
Key people Rami Shavit (CEO)
Hadar Olsker (CFO)
Nissim Hassan (COO)[1]
Revenue NIS 907 million (2006)[2]
Employees 3651[2]
Website Mashbir.co.il

Hamashbir Lazarchan (Hebrew: המשביר לצרכן‎) is an Israeli chain of department stores. Hamashbir consists of 33 branches across the country.[2]

History[edit]

Seven-story Hamashbir store at Zion Square.

The chain was founded by the Histadrut in 1947.[1] 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.[1][2] 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.[2]

Branches[edit]

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.[3]The building was designed by Jerusalem architect Amazia Aaronson. It faces the square and Jaffa Road.[4]

See also[edit]

References[edit]