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      Archive: 5/24/2010
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        5/24/2010, Sivan 11, 5770

      Antitrust Authority Suspects Bread Cartel


      The Antitrust Authority suspects the major bread manufacturers in Israel of coordinating their prices to maximize profits. The suspicions include the three largest bakeries in Israel: Angel’s, Berman and Davidovich.

      Antitrust inspectors visited Angel’s Bakery in Jerusalem on Monday and questioned three workers including the CEO of Angel’s Bakery, Yaron Angel.

      The bread industry in Israel is worth about NIS 2 billion annually.