Angel Bakeries CEO:

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Angel Bakeries CEO: "We lost millions of dollars on subsidized bread"
"We lost tens of millions of shekels of controlled products. For years supervised bread, which is 20% of the market, was a loss. Profits our unregulated products cover on it and cross-subsidization." Yaron testified yesterday Angel, CEO and controlling shareholder bakeries Angel and pine, the Jerusalem District Court as part of the opening of the defense case the bread cartel case. This follows Angel and bakeries managers Berman, Davidovich, several simple human dish rack beams of India in March 2014 preparation simple human dish rack of a cartel.
Read more Bcllachlist: Development bread cartel affair: Berman, Davidovich and also acknowledge beams to avoid competition "After the intervention, the system, Davidovich did not provide bread and the customer is left frustrated" bread cartel: bakeries Davidovich, Berman and beams India edited by a cartel
According to the indictment in the case was filed in October 2012 following the extensive investigation of the Antitrust Authority that included wiretaps, bakeries decided to end the competition between them through the cancellation of operations and the distribution of the bread market, simple human dish rack especially in Jerusalem, into sections. So every bakery has its own space and customers and the result, according to the Authority, prices rose and the harm to competition.
Angel's counsel, attorney dialect Zecler, Ofer Argov and Eran Zach, and their defense attorneys of other bakeries managers who participated in a cartel, trying to prove that the arrangement did not affect competition, was limited and that consumers were not affected. According simple human dish rack to Angel, bakeries simple human dish rack "waging war with the years before the state will give us earn. I want to accomplish something but do not want to be earning ".
According simple human dish rack to attorney Jack Chen and cure Matzkevich simple human dish rack 'represent the Dganit eye bar and bakery spatial Kiryat Shmona, "arrangement, far fewer than claimed by Rsothhgblim business. This is not all breads, not the whole country and no national retail chains. The arrangement is relevant only to Jerusalem. This is the cessation of operations under competitive equilibrium. "They added that" the prosecution did not prove that the agreement was made between the bakeries was likely to lead to significant damage to competition. This uniform product, and the price is the same regulated ".

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