Ahava sold for $77 million to Chinese investors
The Israeli cosmetics firm Ahava will be fully acquired by a Chinese investment group for $77 million.
The Israeli cosmetics firm Ahava will be fully acquired by a Chinese investment group for $77 million.
Ahava, an Israeli cosmetics firm whose products are made in the West Bank, confirmed its plan to open a production line on the Israeli side of the 1967 Green Line.
In the 19th century, industry in what became the State of Israel consisted mainly of small workshops that made farm implements. Today, the country manufactures everything from drugs to lasers to shoes, and the closest thing to farm implements are complex drip irrigation systems.
The flagship London branch of Ahava cosmetics is closing, citing bi-weekly demonstrations that have hurt its profits.
Dive into all things Israeli this month in support of the country’s 63rd birthday. From the unique and creative beauty of Israeli fashion designers’ lines to Israel-based organizations that have made it their mission to help the less fortunate, these pieces reflect the Jewish state’s enduring and innovative spirit.
Jewish groups are satisfied that a decision by Canada\’s best-known department store chain to drop an Israeli beauty line is unrelated to boycott calls. A joint statement Thursday by The Bay stores, UJA Federation of Greater Toronto and the Canada Israel Committee said The Bay was dropping AHAVA beauty products \”primarily because of sales results which had been declining for several years.\” The announcement came days after a pro-Palestinian coalition, Canadians for Justice and Peace in the Middle East, launched a boycott campaign against The Bay for selling the popular AHAVA line of Dead Sea beauty products.
Calls for a boycott of Israeli-made beauty products in Canada again have kick-started Jewish counter efforts. Canadians for Justice and Peace in the Middle East, a pro-Palestinian coalition, has launched a boycott campaign against stores selling the popular Ahava line of Dead Sea beauty products. On its website, the coalition charges that Ahava \”is economically linked to Israel\’s occupation of the Palestinian territories,\” and that almost 45 percent of the company is owned by \”two illegal Israeli colonies\” near the Dead Sea.
An Ahava store in London was forced to close again after pro-Palestinian activists blocked the entrance.