Home / Knowledge / News / Apparel/Garments / Israeli apparel retail sector readies for M&As
Israeli apparel retail sector readies for M&As
17
Aug '12
A series of mergers and acquisitions (M&As) will take place amongst big and small garment businesses in Israel during the coming months, predicts Harel Wizel, controlling owner of the Fox fashion group.
 
Mr. Wizel says after a series of M&As, there would be only four or five big Israeli retail chains left in the entire country that will have a 20 to 30 percent share in the market, and the rest will be owned by foreign retailers.
 
Fox, the Israel-based fashion chain specializing in women's, men's and children's wear, has brought popular clothing brand ‘American Eagle’ to Israel. Many other local apparel retailers are exploring possibilities of partnering with other global apparel brands for the Israeli market.
 
In addition, many big Israeli retail chains have already initiated the process for either merging or acquiring with bigger international chains to avoid financial troubles in the future.
 
On the other hand, several small-and-medium-sized fashion apparel firms in Israel were forced to shutdown their businesses due to obstructed cash flow in the last few months.
 
Srigamish, one of the oldest textile and clothing companies of Israel, closed down its factory last week. Established in 1957, Srigamish operates through more than 45 stores in the country that are owned by franchisees. The company is yet to decide on future prospects of the franchisee-owned stores.
 
Another fashion chain called ‘Grip’ has also applied for protection from the court against creditors. The company owes around 31 million sheqels to various financial institutions.
 
Apparel chain ‘Bonita’ is also facing serious financial trouble due to cash flow problems after its creditors denied any extra credit to the company. 
 

Fibre2fashion News Desk - India


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search