• Mon. Jun 17th, 2024

Strauss Under Fire: Economy Minister Calls for Boycott amid Financial Discrepancies and Price Increases

BySamantha Johnson

Mar 27, 2024
Nir Barkat urges public to boycott Strauss, criticizing food giant – Israel News

The Strauss Group, a prominent food manufacturer in Israel, has been criticized by Economy Minister Nir Barkat for distributing profits to shareholders while claiming financial difficulties. Barkat emphasized the importance of consumer protection regulation and announced the inclusion of a black sticker on products that have raised prices without government approval.

Strauss has been a significant player in the Israeli food industry since its establishment in 1939 as a small dairy producer in Nahariya. With around 12,000 employees, half of whom are based in Israel, Strauss has been considered a stable player in the industry. However, Barkat’s call to boycott Strauss was accompanied by the company’s entry into the economic blacklist for disregarding price freeze commitments during the ongoing war.

Barkat also called for a boycott of Osem, another food company, as part of his efforts to protect consumers from rising prices. Companies placed on the economic blacklist/whitelist are subject to public scrutiny, and Barkat urged the Israeli public to hold accountable those who exploit them during times of peace and conflict. By choosing not to support companies on the blacklist, consumers can send a clear message against price hikes and unethical business practices.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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