History
The origin of the company is with two pharmacies by Leon Koffler in Toronto in 1921. In 1941 his son, Murray Koffler inherited the two drug stores, called "Koffler's Drugs", and by 1962, Koffler's had grown to a chain of 17 pharmacies, which Murray then renamed "Shoppers Drug Mart" in the 1970s. During the 1970s, Koffler visited Israel, and following the visit he decided to set up a chain similar to his one in Canada. In 1979, the first Super-Pharm pharmacy was opened in the Neve Amirim neighbourhood of Herzliya, Israel.
The drug store was different from pharmacies in the past in that is was open on the Jewish Sabbath (Saturday), and sold products that were not drugs. Two years later, they opened a second pharmacy in Jerusalem, and 1985 saw the opening of a Super-Pharm branch in the Ayalon shopping mall, which was their first location in a shopping mall.
In July 2007 Bank Leumi acquired 18% stake in for 190 million shekels giving Super-Pharm a company value of NIS 1.05 billion shekels.
on 4 January 2011, the trade publication Chain Drug Review’ recognized Super-Pharm as the Global Chain Drug Retailer of the Year for 2010.
Read more about this topic: Super-Pharm
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