Bloomberg: Walmart could be eyeing operations in Israel

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Bloomberg: Walmart could be eyeing operations in Israel

By CSA Staff - 02/05/2018
A discount giant may be evaluating a new territory.

Israel’s Prime Minister Benjamin Netanyahu has been wooing Walmart, in hopes that the company will operate in the country, according to Bloomberg.

According to Netanyahu’s economic adviser, Avi Simhon, the Prime Minister and John Furner, president and chief executive officer of Sam’s Club, discussed the idea of Walmart’s opening a retail branch and investing in Israeli technologies.

The retailer’s low-cost reputation coincides with the Israeli government’s efforts to lower the cost of living, according to the report.

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