INDEX / DIRECTORY / CARREFOUR

Carrefour

Supermarkets & Groceries 44 CITED SOURCES UPDATED 2026-08-30 METHOD V6.4
BDS-1000 Score 409 /1000 C Tier C - High
Military ↗ 4.38 Digital ↗ 0.96 Economic ↗ 3.50 Political ↗ 3.50
OWNERSHIP TREE 54 brands and group businesses View all

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Key Findings

  • Economic: Carrefour’s Israel presence is a long-term franchise arrangement through Electra Consumer Products and its controlled retail subsidiary, not a disclosed Carrefour SA acquisition of the Israeli operator; the franchise permits sale, import and certain local manufacture of Carrefour-branded products.1, 2
  • Settlements: Carrefour Israel’s accessibility register lists branches in Ma’ale Adumim and Ariel; a third-party directory also lists a Carrefour Maccabim store, while the corporate contractual prohibition on use of the brand in Palestinian/occupied territories has not been reconciled with these records.3, 4, 5
  • Military: Reports of a Ministry of Defence food-supply tender and civil-society-reported COGAT event supplies remain unverified on the reviewed record because underlying awards, contracts, invoices or procurement records were not located.6, 7
  • Not found: No public evidence identified of Carrefour manufacturing or supplying weapons, military-grade products, defence-prime components, digital weapons, or technology contracts with Israeli military, intelligence or security bodies.6, 8, 9

Target Profile

FieldDetail
Company NameCarrefour S.A.
JurisdictionFrance; Carrefour S.A. is a French société anonyme registered as 652 014 051 RCS Évry.10
Headquarters93 avenue de Paris, 91300 Massy, France.10
SectorFood retail, hypermarkets, supermarkets, convenience retail, e-commerce and franchising.1, 2
OwnershipPublicly held. Carrefour reported Galfa at 9.46% of capital, Carrix at 5.00%, and 79.98% held by the public as of 31 December 2025; no shareholder was disclosed as holding at least 10% of capital.11
Key Executives / GovernanceAlexandre Bompard, Chairman and Chief Executive Officer; Rodolphe Saadé, Carrix’s Board representative. Carrefour’s governance page lists a 15-member Board and 13-member Executive Committee.12
Israeli-Nexus SummaryCarrefour’s documented nexus is a franchise relationship with Electra Consumer Products and its controlled Israeli retail operator, involving Carrefour-branded retail, consumer-goods imports and specified technology partnerships with Israeli start-ups.1, 2, 13

Key Facts:

Executive Summary

Carrefour’s documented Israel nexus is principally commercial: a long-term exclusive franchise arrangement between Carrefour International Partnership and Yenot Bitan, then a controlled subsidiary of Electra Consumer Products. The agreement permits operation of specified Carrefour formats in Israel, sale and marketing of Carrefour private-label goods, and certain local manufacture of Carrefour-branded products. It includes a fixed buy-in payment, revenue-percentage payments and franchisee investment in conversion and customisation, although the reviewed disclosures do not state the payment amounts, revenue share, actual remittances or Carrefour-attributable Israeli revenue.1, 16

The operational footprint is material. Carrefour reported around 50 franchised Israeli stores, e-commerce activity, imports of more than 1,200 products and development of some locally produced Carrefour Baby products in May 2023. Electra’s filings identify Global Retail C.I. Ltd., formerly Bitan Wines Ltd., as the operator of the food-retail chain under Carrefour brands. Carrefour’s reviewed materials establish a franchise model, rather than Carrefour SA ownership or control of the Israeli operator.2, 17

The record also raises an unresolved territorial issue. Carrefour has stated that its franchise contract prohibits Carrefour-banner development in Palestinian territories and, in 2024, said that use of the brand in “occupied territories” was prohibited. Yet the Carrefour Israel accessibility register lists Ariel and Ma’ale Adumim branches, and a directory lists a Carrefour Maccabim location. Civil-society sources additionally report other locations, including Neve Ya’akov, but underlying leases, branch registrations and franchise records were not retrieved. The supplied sources do not reconcile those location reports with Carrefour’s stated contractual restriction.3, 4, 5, 7

Military and digital allegations require care. Calcalist reported an Israeli Ministry of Defence food tender involving the Israeli operation, and Who Profits reported 2024 COGAT-event food and beverage supplies; neither lead is independently verified in the reviewed material. Carrefour’s documented Israeli technology links concern six start-ups and civilian retail, cybersecurity, marketplace or credit-risk use cases, not identified military or intelligence contracts. No public evidence identified of weapons, defence-prime supply-chain integration, military-specific digital systems, Project Nimbus participation, or Carrefour technology services to Israeli security bodies.6, 8, 9, 13

The fixed human-vetted BDS-1000 result is BRS 409, Tier C (High). It reflects the documented franchise-enabled economic footprint and political/territorial exposure, together with a military-adjacent but unresolved procurement lead; it should not be read as proof of direct arms supply, a verified Ministry of Defence contract, or verified security-sector technology provision.

Timeline of Relevant Events

DateEvent
March–April 2022Carrefour announced its partnership with Electra Consumer Products; Electra’s annual report states that Bitan Wines entered the exclusive franchise agreement with Carrefour International Partnership on 3 April 2022.16, 18
Before summer 2022Carrefour stated that more than 150 Yenot Bitan stores would gain access to Carrefour-branded products.19
31 December 2022Electra reported 14 stores converted or renovated and one new store built under the contemplated rebranding programme.16
9 May 2023Carrefour reported approximately 50 opened franchised stores - three hypermarkets, 10 supermarkets and 37 convenience stores - plus e-commerce; it also reported imports of over 1,200 products.2
15 August 2023An Israeli Ministry of Defence statement reported that Carrefour and Yenot Bitan ceased participating in the Behatzdaa reservist benefit-club arrangement; this concerned supermarket discounts, not demonstrated supply to military installations.20
Early October 2023Carrefour later stated that photographs of franchisee employees providing food parcels to soldiers reflected individual initiatives, stopped immediately; the photographs were removed.5
September 2023 / early 2024Electra reported that it did not exercise its call option for all Global Retail shares in September 2023 and invested NIS 200 million in Global in early 2024, including conversion of an Electra shareholder loan.17
February 2024Who Profits reported a seven-year franchise extension, but the underlying extension instrument or filing was not retrieved in the reviewed material.7
2024Who Profits reported food-and-beverage supplies for COGAT events, citing NIS 9,610 and NIS 33,705; underlying procurement records were not located.7
April 2026Reporting described a six-month Ministry of Economy fixed-price basket programme involving Carrefour Israel, with the Ministry quoted as stating NIS 25 million and 54 branches. The tender, agreement and payment record were not reviewed, and the record does not establish Carrefour SA as contracting recipient.21

Corporate Overview

Carrefour S.A. is the French parent and holding company of the Carrefour group. Its reviewed 2024 registration document describes Carrefour SA as directly or indirectly controlling group entities and centrally conducting external financing.10 Its documented Israeli business model is not a disclosed Carrefour-owned operating subsidiary: it is a franchise arrangement involving Carrefour International Partnership, Electra Consumer Products and Electra’s controlled subsidiary Bitan Wines/Yenot Bitan, subsequently identified in Electra reporting as Global Retail C.I. Ltd.1, 16, 17

The franchise agreement allows use of the Carrefour, Carrefour Market, Supeco and Atacadão brands in Israel, alongside rights to purchase and market Carrefour private-label products and manufacture certain Carrefour-brand products locally. It is reported as a 20-year term with automatic renewal for a further 20 years and potential further 20-year extensions by mutual consent. These contractual rights establish a durable commercial relationship, but do not establish Carrefour SA equity ownership or control of Global Retail.16

Carrefour’s disclosures contain an unresolved timing discrepancy. Its May 2023 release refers to a partnership entered in “March 2020,” while Carrefour’s March 2022 announcement and Electra’s annual report place the process in March–April 2022. The executed agreement was not supplied in the reviewed material, so the discrepancy cannot be resolved here.16, 18

Domain Summaries

Military: Military

Mechanism of Involvement

The strongest military-adjacent lead is reporting that Carrefour’s Israeli operation won an Israeli Ministry of Defence tender to supply food to approximately 200 Ministry hospitality or lounge rooms from the third quarter of 2026. The reports described an initial one-year term of approximately NIS 35 million and an option for up to four additional years, with reported potential value of NIS 175 million.6

Who Profits separately reported that Carrefour Israel/Global Retail supplied food and beverages for COGAT events in 2024. This allegation concerns consumer goods, not weapons or military technology.7

Counter-Arguments and Evidence Limits

Neither Calcalist report supplied an IMOD tender number, official award notice, executed contract or evidence that deliveries commenced. The reported hospitality/lounges’ locations and users are unspecified; the record does not establish that they are military bases. The COGAT lead lacks a retrieved award, invoice, purchase order, tender record or COGAT confirmation, and remains a civil-society procurement lead rather than verified direct-contract evidence.6, 7

No public evidence identified of Carrefour or its Israeli franchise operator manufacturing or supplying weapons, munitions, platforms, military-grade products, defence-prime components, tactical variants, base-services contracts or export-controlled military goods. Carrefour states that soldier food-parcel photographs concerned individual initiatives rather than Group activity and were removed; that response is a corporate account, not independent confirmation of the underlying activity.5, 8

Named Entities and Evidence Map

Digital: Digital

Mechanism of Involvement

Carrefour announced May 2023 partnerships with six Israeli start-ups: AI21 Labs, Juganu, Wasteless, Vulcan Cyber, Cymbio and Iguazio. The described work concerned trials or specified civilian applications: customer feedback and navigation, store sensors and energy management, inventory and dynamic pricing, cyber-risk remediation recommendations, marketplace intermediation and Carrefour Banque credit-risk management.13

A We-Ankor case study states that Carrefour Israel used Commvault Cloud SaaS to protect Office 365 applications serving approximately 800 users and was migrating its data centre to Oracle Cloud. The study does not specify cloud region, storage location, routing or legal-access arrangements.22

Counter-Arguments and Evidence Limits

The start-up announcement does not establish enterprise-wide or continuing deployment, Carrefour-operated Israeli R&D facilities, acquisitions, equity investment or state-sector customers. Juganu’s proposed test does not state that it used facial recognition, biometric identification, gait analysis or identity matching.13

A2Z Cust2Mate disclosed that the terms of a previously announced Carrefour Israel purchase order were under renegotiation in 2026; final deployment scope is therefore unconfirmed. No public evidence identified of Carrefour use of Israeli surveillance products, Project Nimbus participation, an Israeli data centre, security-agency contracts, offensive cyber capabilities, surveillance-data training, targeting systems or other digital weapons.9, 23

Named Entities and Evidence Map

Economic: Economic

Mechanism of Involvement

The Israel franchise establishes the clearest documented economic nexus. It allows the franchisee to operate Carrefour formats, purchase and market Carrefour-branded products, and manufacture some Carrefour-brand products locally. Carrefour reported imports of more than 1,200 products, including more than 400 Carrefour-branded food products, and development of local Carrefour Baby production.1, 2

The agreement provides for a fixed payment and revenue-percentage payments, while Electra financed branch conversion. The precise fee amount, percentage, actual remittances, manufacturers, sites, volumes and import entities are not publicly specified in the reviewed material.1, 16

The accessibility register lists Carrefour branches in Ma’ale Adumim, Beit El and Neve Ya’akov; its format does not establish dates, current trading status, ownership or banner status. Civil-society reporting identifies further settlement-linked locations, but the underlying property and franchise records were not retrieved.3, 7

Counter-Arguments and Evidence Limits

Carrefour states that its franchise agreement is limited to the State of Israel as recognised by France and that its partner did not then own or operate shops or sell Carrefour-branded products in Palestinian territories. Earlier corporate material says Carrefour-banner development in Palestinian territories was prohibited. These are corporate statements of contractual scope and partner activity, not independently verified store-location or product-origin records.4, 24

No public evidence identified of direct Carrefour contracts with named Israeli agricultural exporters, Carrefour-owned Israeli factories or logistics hubs, Israeli sovereign-bond holdings, state ownership, Israel Bonds activity or Israel-specific financial underwriting. The reviewed consolidated-company schedule has no “Israel” entry, but that is document-scoped and not proof that no Israeli Carrefour entity exists.10, 24

Named Entities and Evidence Map

Political: Political

Mechanism of Involvement

The documented political/territorial vector arises from Carrefour’s branded franchise operation, the reported locations in contested or occupied-territory contexts, and the unreconciled relationship between those records and Carrefour’s contractual territorial prohibition. Carrefour also acknowledged boycott calls connected to its Israeli presence and the October 2023 food-parcel photographs.3, 5

A Ministry of Economy fixed-price consumer basket programme reportedly selected Carrefour Israel as sole participating retailer for six months. The available reporting characterises it as a state-funded commercial retail-price programme; the record does not establish a non-commercial political alliance, a direct Carrefour SA state partnership, or the underlying contract.21

Counter-Arguments and Evidence Limits

Carrefour says it is “strictly politically neutral,” would not be involved in the Israeli-Palestinian conflict, and supports humanitarian aid for civilian populations, particularly in Gaza. It says distribution of food and basic necessities in Gaza was financed on its behalf, but does not identify a programme, recipient, amount, implementing organisation or delivery documentation.5

No public evidence identified of Carrefour-specific political lobbying, PAC activity, executive donations to the IDF, FIDF, JNF or settlement organisations, executive roles in relevant advocacy bodies, employee-speech litigation, court judgments, regulatory penalties or enforcement outcomes relating to the franchise. The French Government’s March 2024 parliamentary response made no Carrefour-specific enforcement finding and reiterated general risks relating to settlement activity.25

Named Entities and Evidence Map

BDS-1000 Score

DomainIMPV-Domain Score
Military5.506.506.004.38
Digital1.504.507.500.96
Economic3.507.008.003.50
Political3.507.008.003.50

Military is the fixed V_MAX because the vetted model assigns greatest weight to the reported Ministry of Defence food-tender lead, while preserving that its primary procurement evidence was not retrieved. The economic and political scores reflect the documented franchise footprint and unresolved territorial record; the lower digital score reflects civilian technology relationships without documented security-sector deployment.

These are fixed, human-vetted V6.4 scores: a scale-free, evidence-only assessment of impact, magnitude/proximity and evidentiary directness. They are not a finding that every alleged link is verified.

Methodology Note

Footnotes

  1. https://mayafiles.tase.co.il/RHtm/1442001-1443000/H1442202.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  2. https://www.carrefour.com/sites/default/files/2023-05/PR%20Carrefour%20comes%20to%20Israel.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  3. https://negishut.carrefour.co.il/ ↩ ↩2 ↩3 ↩4 ↩5

  4. https://easy.co.il/en/page/27320677 ↩ ↩2 ↩3

  5. https://www.carrefour.com/sites/default/files/2024-07/Writter%20answers%20GA%20Carrefour%202024.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  6. https://www.calcalist.co.il/market/article/1dx7rw54c ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  7. https://www.whoprofits.org/companies/company/7373/ar ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  8. https://www.carrefour.com/sites/default/files/2025-03/CFR_URD_2024_EN_250328_MEL_1.pdf ↩ ↩2 ↩3 ↩4

  9. https://www.sec.gov/Archives/edgar/data/1866030/000149315226037359/ex99-2.htm ↩ ↩2 ↩3

  10. https://www.carrefour.com/sites/default/files/2025-03/CFR_URD_2024_EN_250328_MEL_1.pdf ↩ ↩2 ↩3 ↩4

  11. https://www.carrefour.com/sites/default/files/2026-03/CFR2025_URD_EN_PDF_MEL_270326_0.pdf ↩

  12. https://www.carrefour.com/en/group/governance ↩ ↩2

  13. https://www.carrefour.com/sites/default/files/2023-05/PR%20Carrefour%20enters%20into%20partnerships%20with%20six%20Israeli%20start-ups.pdf ↩ ↩2 ↩3 ↩4 ↩5

  14. https://www.ecp.co.il/pages/food-retail ↩

  15. https://www.ecp.co.il/wp-content/uploads/2025/12/%D7%90%D7%9C%D7%A7%D7%98%D7%A8%D7%94-%D7%9E%D7%95%D7%A6%D7%A8%D7%99-%D7%A6%D7%A8%D7%99%D7%9B%D7%94-%D7%93%D7%95%D7%97-%D7%A8%D7%91%D7%A2%D7%95%D7%9F-%D7%A9%D7%9C%D7%99%D7%A9%D7%99-2025-%D7%90%D7%A0%D7%92%D7%9C%D7%99%D7%AA-%D7%9E%D7%95%D7%A0%D7%92%D7%A9.pdf ↩

  16. https://www.ecp.co.il/wp-content/uploads/2023/06/%D7%90%D7%9C%D7%A7%D7%98%D7%A8%D7%94-%D7%9E%D7%95%D7%A6%D7%A8%D7%99-%D7%A6%D7%A8%D7%99%D7%9B%D7%94-%D7%93%D7%95%D7%97-%D7%A9%D7%A0%D7%AA%D7%99-2022-%D7%AA%D7%A8%D7%92%D7%95%D7%9D-%D7%9C%D7%90%D7%A0%D7%92%D7%9C%D7%99%D7%AA-%D7%A7%D7%95%D7%91%D7%A5-%D7%9E%D7%9C%D7%90-%D7%9E%D7%95%D7%A0%D7%92%D7%A9-25-6-2023.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  17. https://www.ecp.co.il/wp-content/uploads/2024/04/%D7%90%D7%9C%D7%A7%D7%98%D7%A8%D7%94-%D7%9E%D7%95%D7%A6%D7%A8%D7%99%D7%9B%D7%94-%D7%93%D7%95%D7%97-%D7%A9%D7%A0%D7%AA%D7%99-2023-%D7%9E%D7%95%D7%A0%D7%92%D7%A9-%D7%90%D7%A0%D7%92%D7%9C%D7%99%D7%AA-14-4-2024.pdf ↩ ↩2 ↩3 ↩4 ↩5

  18. https://www.carrefour.com/en/news/carrefourpartenariatisrael ↩ ↩2

  19. https://www.carrefour.com/sites/default/files/2022-03/Press%20release%20-%20Carrefour,%20in%20Partnership%20with%20Electra%20Consumer%20Products.pdf ↩

  20. https://www.ice.co.il/consumerism/news/article/975456 ↩

  21. https://www.jpost.com/business-and-innovation/banking-and-finance/article-900726 ↩ ↩2 ↩3

  22. https://we-ankor.co.il/case-study/carrefour-implements-commvault-cloud-saas-data-protection-solution-for-office-365-with-we-ankor/ ↩ ↩2

  23. https://www.sec.gov/Archives/edgar/data/1866030/000149315226014416/form20-f.htm ↩ ↩2

  24. https://www.carrefour.com/sites/default/files/2026-04/CFR2025_URD_EN_PDF_MEL_270326.pdf ↩ ↩2

  25. https://questions.assemblee-nationale.fr/q16/16-12415QE.htm ↩ ↩2