Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Dead Sea mineral skincare brand Ahava acquired by Chinese fund

China’s leading investment group Fosun Group and Gaon Holdings, representing the shareholders of Ahava Dead Sea Laboratories Ltd., have signed an agreement over the acquisition of a 100% equity interest in Ahava, a top brand of Dead Sea mineral skincare in Israel for 290 million shekels (about USD 77 million or EUR 67 million).

Under the terms of the agreement, Fosun will acquire the holdings from the existing shareholders of Ahava.

Founded in 1988 in the Dead Sea region, Ahava is a world-renowned brand of Dead Sea mineral skincare. For nearly 30 years, Ahava has been operating in over 30 countries, spanning the world’s leading department stores, perfumeries and independent stores. Ahava, which manufactures its products at a plant in the Israeli-occupied West Bank, has been the target of pro-Palestinian groups who have called for a boycott of its products. However, the company recently said it may move its plant to another area.

We feel very confident about the market in Israel and continue to seek suitable investment opportunities in different areas in the country. We are glad to have succeeded in acquiring such a famous, strong and successful brand as Ahava under this mutually beneficial agreement. We will endeavour to extend the success of this brand to China and other countries,” said Mr. Liang Xinjun, Vice Chairman and CEO of Fosun Group. "China’s economy will be increasingly driven by consumption,” he added.

Fosun started to invest in the Israeli beauty industry in 2013 when it acquired Alma Lasers, a leading laser beauty equipment company in Israel. According to the fund, Alma Lasers has since made significant progress in its development strategy in China, which has become its biggest market.

© 2016 - Premium Beauty News -
latest news

A new trade show dedicated to clean beauty in London

Dubbed Clean Beauty in London the new trade show intends to gather experts, scientists, suppliers, brands, influencers and journalists under one roof “to build the future of clean beauty.” Taking place on October 12 & 13, 2020 at The Brewery, located at 52 Chiswell Street at the heart of London, the event aims to encourage (...)

read more
job opportunities
Experts’ views
India emerges as the next beauty giant

Asia Cosme Lab
India emerges as the next beauty giant

Thanks to a growing young population (first youth population in the world) and the emergence of a vast middle class, as well as a higher Internet connection from both urban and rural areas, India is set to emerge as the next beauty giant after China. Asia Cosme Lab took a deep dive in the fascinating Indian market, where both (...)

read more
E-shop - latest publications
LuxePack Monaco 2017 - Show Report
30.00 € excl. tax
Regulations on the registration of cosmetic products in China (part2)
95.00 € excl. tax
Safety of perfumes and cosmetics. Belarus, Kazakhstan and Russia
200.00 € excl. tax
Go to top ↑


We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies