Castro-hoodies

The fashion chain from the Castro-Hoodies group recorded a 70% jump in net profit to 30.6 million shekels and approved a 30 million shekel dividend. Despite improved margins, the stock, with a market cap of 1.03 billion shekels, has fallen by 15% year-to-date.

One of the world's largest sports brands is heading to Israel: Castro-Hoodies and Renuar have signed an agreement to establish a joint venture for the Chinese brand ANTA. The initiative includes opening a retail chain, an e-commerce site, and wholesale distribution, with an initial investment of approximately 30 million shekels.

Gabi Rotter, who led the fashion group for decades and was a partner in extensive business moves, will take on the role of Chairman of the Executive Committee of Shenkar College, replacing Yoav Horowitz.