Price Hikes Criticized: Economy Minister Calls for Boycott of Strauss Group and Other Companies on Economic Blacklist

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

Strauss Group, a prominent food manufacturer in Israel since its establishment in 1939, has been criticized by Economy Minister Nir Barkat for failing to keep prices frozen despite commitments to do so. Barkat urged consumers to boycott the company and distribute black stickers on products that have raised prices without government approval.

The Strauss Group has been considered a stable and significant player in the Israeli food industry with around 12,000 employees, half of whom are based in Israel. However, Barkat accused the company of distributing hundreds of millions of dollars in profits to shareholders while claiming financial difficulties. He emphasized the importance of consumer protection regulation and announced the inclusion of a black sticker on products that have raised prices without government approval.

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. In addition to targeting Strauss, 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.

Leave a Reply