A boy wearing Nike shoes in a 17th century painting?/The National Gallery, London
After purchasing Nike Australia and New Zealand last month, Harel Wiesel is targeting the brand's stores in France.
According to a report by Retailers, a Fox subsidiary owned by Wiesel, the chain is negotiating to acquire control of the companies that operate about 12 Nike stores in France at a value of about 45 million euros.
The company estimates that a non-binding memorandum of understanding will be signed between the parties in the coming month.
Wiesel.
Australia and New Zealand first/Dima Taliansky
The report comes after last month Wiesel purchased a series of Nike stores in Australia and New Zealand.
Retailers reported at the time that agreements were signed for the acquisition of ownership in the RPG chain, which operates 33 Nike stores in Australia and 7 Nike stores in New Zealand, 11 Samsung stores in Australia, as well as an online trade site for the sale of toy products from the toy giant Mattel.
The company employs about 1,105 people.
Upon completion of the deal, Retailers will pay the chain 50 million dollars and will own 92.5% of the Australian company (through a Dutch subsidiary) and the minority shareholders will own 7.5% of it.
In Israel, Wiesel owns, among others, the Fox networks, which include Fox, Fox Man, Kid and Baby, Fox Home, Shilav, Lalin, the Terminal X shopping site.
The group is the franchise owner and store owner of a number of international brands including Mango, American Eagle, Billabong, Flying Tiger, Foot Locker, Adidas and Nike.
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