Haredi Entrepreneur Ronen Ganon Acquires Control of Israeli Retail Group Multi Retail
How 10 Israeli newsrooms covered this story — translated into English and compared side by side.
By כיכר השבת, כיכר בשיתוף גנון גרופ
What happened
Ronen Ganon, a Haredi entrepreneur and co-owner of Zol Stock, has acquired a 72.3% controlling stake in Multi Retail Group for 173 million shekels. The deal includes major retail brands ACE, Urban, Beitili, and Autodepo and awaits antitrust approval. Ganon plans to integrate and potentially merge Multi Retail with Zol Stock, creating a retail group with 1.7 billion shekels in combined revenue and 155 stores nationwide.
- 01Ronen Ganon acquires 72.3% of Multi Retail Group for 173 million shekels.
- 02Multi Retail owns major brands ACE, Urban, Beitili, and Autodepo with nationwide presence.
- 03Deal awaits approval from the Israeli Antitrust Authority.
- 04Ganon holds 50% of Zol Stock and plans to merge it with Multi Retail.
- 05Combined group could reach 1.7 billion shekels in revenue and 155 stores.
- 06David Saban will join Multi Retail management to support growth and integration.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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