Carrefour announces plans to open 50 stores in Israel as part of franchise partnership

French retailer Carrefour has unveiled plans to open 50 stores in Israel as part of a franchise partnership with Electra Consumer Products and its subsidiary Yenot Bitan.

The stores will comprise three hypermarkets, 10 supermarkets and 37 convenience stores, with nine of the locations in Tel Aviv. Carrefour said it would import around 1,200 stock-keeping units, including more than 400 of its own-brand food products, and was also developing local production capabilities.

The company is aiming to open 100 stores in Israel by 2024 and has a presence in 34 other countries through franchise deals.