Zvika Schwimmer

A rift has emerged between Carrefour Israel CEO Inbal Harson and Co-Chairman Michael Loboshitz ahead of the retail chain's anticipated November public offering on the Tel Aviv Stock Exchange.

In an investor call following the publication of Electra Consumer Products' second-quarter reports, CEO Zvika Schwimmer said: "The 'Basket of the Country' brought new customers to the chain, but hurt revenues." The company's management is now examining whether the additional traffic generated by the promotion justifies the financial damage, or if it is better to end participation at the end of the...