Hamburger chain Hagaraj sold for NIS 10 million

In depth

The Hagaraj hamburger chain has been sold to two businesspeople, restaurateur Ran Junger, formerly of Wolfnights, and businessman Tom Carroll, at a valuation of about NIS 10 million, according to Maariv and Bizportal.

According to N12, the deal includes plans for significant expansion and the opening of an express branch concept. According to Ice, the plan includes establishing new branches across the country and launching a fast format. According to Maariv, the buyers plan to open more branches.