The national retail chain Yochananoff will open two stores in Gedera and Ashdot-Yaakov

The national retail chain Yochananoff reported two transactions for the purpose of establishing stores in Gedera and Ashdot Yaakov. The company is expected to open a store in the "Edison Park" in Ashdot Yaakov in the coming days. This, after purchasing the equipment from the private store owners for about NIS 2.25 million and renting the store for a period of up to 15 years.

The company will also purchase the existing product inventory in the store. The company estimates the adjustment work in the store for an additional NIS 1 million.
In addition, Yohannoff will rent about 4,000 square meters, plus warehouses and ancillary areas, in the Big complex in Gedera, and a new store is expected to be built there. According to the agreement, the lease period is up to 15 and a half years. At the beginning of 2025 for matching work, after delivery the company is expected to invest up to NIS 15 million in the store in order to adapt it to its needs and the standards accepted in it.
 The supermarket and supermarket chain currently has 35 active supermarket branches nationwide and is largely owned by the Yohannoff family. Under the company's existing plans, it is expected to operate at least 45 branches.
The chain began as a wholesale company in the 1970s, which was founded by Ilana and Mordechai Yochananoff. In 1992, the company began an extended retail activity and maintains a family character, controlled by the Yochannoff family and led by CEO Eitan Yochannoff. The chain's branches are spread throughout the country, from Kiryat Shmona to Beer Sheva. "A 90.