Castro-Hodis and Renuar Partner to Launch Chinese Sports Giant ANTA in Israel
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 6 hours ago
What happened
Castro-Hodis and Renuar have partnered to launch Chinese sports brand ANTA in Israel by 2027, investing 30 million shekels to establish retail and online operations. The new subsidiary will be majority-owned by Castro-Hodis, with Renuar and Israeli Chen holding minority stakes. ING will transfer assets and employees to the new company, with Chen appointed CEO. The collaboration aims to introduce a leading global sports brand to Israeli consumers.
- 01Castro-Hodis and Renuar form a joint venture to launch ANTA in Israel by 2027.
- 02Castro-Hodis holds 51%, Renuar 39%, and Israeli Chen 10% of the new subsidiary.
- 03Initial investment in Israel is estimated at 30 million shekels for retail and online operations.
- 04ING will transfer stores, technology, and staff to the new ANTA subsidiary.
- 05Israeli Chen, who introduced On Cloud to Israel, will be CEO of ANTA Israel.
- 06The partnership aims to bring a leading global sports brand with fashion and innovation to Israeli consumers.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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