Apax Partners in talks to buy Max Stock discount chain

Zehavit Cohen  picture: Tamar Mitzpi

The Max Stock chain has 41 outlets in Israel, with over 10,000 items in each store.

Apax Partners, managed by Zehavit Cohen, is in advanced negotiations to buy the Max Stock retail chain at a value of NIS 250-300 million. The chain's sales turnover is estimated at NIS 360 million.

The Max Stock chain has 41 outlets in Israel, with over 10,000 different items in each store. Among other things, the chain sells low-priced furniture, back-to-school accessories, disposable cutlery, clothing, and textiles.

Founded by Uri Max, Max Stock has a strategy and management structure similar to those of discount food chains.

It was reported a year ago that Apax was in advanced negotiations to acquire fashion chain Renuar, but no agreement was reached. Several years ago, the fund also negotiated with the Fox-Wizel Ltd. (TASE: FOX) fashion group. These negotiations were also ultimately unsuccessful.

Apax sold its investment in Tnuva Food Industries Ltd. to Chinese corporation Bright Food at a company value of NIS 8.6 billion.

Published by Globes [online], Israel Business News - www.globes-online.com - on March 16, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Zehavit Cohen  picture: Tamar Mitzpi
Zehavit Cohen picture: Tamar Mitzpi
Twitter Facebook Linkedin RSS Newsletters גלובס Capital  Markets Conference 2017