Israeli Entrepreneur Ronen Ganon Acquires Major Retail Chains Including Ace and Autodepo
How 8 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 14 hours ago
What happened
Israeli entrepreneur Ronen Ganon acquires a controlling stake in Multi Retail Group for 173 million shekels, gaining ownership of major retail chains including Ace and Autodepo. The deal values the company 60% above its stock market price and awaits regulatory approval. Ganon plans to improve operations and may merge Multi Retail with his discount chain Zol Stock, creating a large retail network across Israel.
- 01Ronen Ganon buys 72.3% of Multi Retail Group for 173 million shekels, gaining control of major retail brands.
- 02The acquisition price reflects a 60% premium over Multi Retail’s stock market valuation.
- 03Multi Retail owns Ace, Autodepo, Beitili, Urban, and I.D. Design chains in Israel.
- 04The deal awaits approval from the Israeli Antitrust Authority before completion.
- 05Ganon aims to improve digital operations and supplier terms to enhance value for consumers.
- 06A potential merger with Zol Stock could create a retail giant with 155 stores and 1.7 billion shekels in sales.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 8 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
