Business in Brief

Rami Levy launching low-price Internet store

Supermarket chain Rami Levy Shivuk Hashikma plans to bring its low prices to online grocery shopping. Owner Rami Levy said yesterday that in two months he will start a pilot Internet store to serve Tel Aviv and Ramat Gan, and a month later the site will expand to serve the whole country. Levy's chain has 17 stores. Internet sales account for less than 2% of the food market in Israel, compared to 5% in the United States and Europe. Israel's largest supermarket chains, Super-Sol and Blue Square have online stores, but they are considered relatively expensive. (Adi Dovrat-Meseritz and Rina Rozenberg )

82% support limiting executive salaries

The overwhelming majority of the public, 82%, thinks there should be limits on salaries paid to executives. According to a recent survey conducted by TRI and Rotem Market Analysis and Research, only 9% objected to the law proposed by MKs Shelly Yachimovich (Labor ) and Haim Katz (Likud ), to limit salaries to 50 times the lowest wage in the firm. Aryeh Rotem, who conducted the survey, said the results are surprising since normally at least 30% of the public automatically object to anything related to Yachimovich and the Labor Party. (Assa Sasson )

New TA master plan hearings open to public

The Tel Aviv local planning commission will start its discussion of the city's new master plan this week, and the meetings will be open to the public. The sessions will start Thursday. The proposed changes to the TA/5000 plan include widespread development of the southern part of the city and Jaffa, increasing building rights in the older, northern neighborhoods, limiting traffic in the center of the city and building affordable housing. The city had originally intended to approve the plan quickly - and in closed sessions. (Ranit Nahum-Halevy )

Burger King abondoning Israel, branches to morph into Burger Ranch

No more whoppers: Burger King is giving up on Israel, and all its branches will now bear the Burger Ranch brand. A year and a half ago Orgad Holdings, the holder of the Burger King franchise in Israel, bought out the failing Burger Ranch chain for $25 million. The Orgad brothers' research found there wasn't room for both brands, and that Israelis clearly preferred Burger Ranch. There are now 55 Burger King branches and 52 Burger Ranches. As a point of comparison, McDonald's has 150 branches. The changeover will be completed by the end of August, and the renovations and changes will cost NIS 6 million.. (Adi Dovrat-Meseritz )