The Fox Group has completed the acquisition of control of Minene by its subsidiary Shilav

The Fox Group, owned by Harel Wiesel, has completed the acquisition of control of Minene by its subsidiary Shilav. Upon completion of the transaction, Shilav holds approximately 50.1% of Minna's share capital, and the balance is held by the sellers in equal shares.
The group paid about NIS 15 million for the deal, and the founders of the baby boutique product chain, Keren Levy Shoham, Anat Ben Dov, and Meital Shani, will receive a dividend of NIS 12 million. At the beginning of the month, the competition authority approved the deal that will bring Fox a significant expansion in the children's clothing market industry as well, as a complement to the acquisition of Shilab by the group.
Minna was founded in 2005 by the three founders, and after the transaction they will receive both a huge reward and continued holding in the company, even if not in the control it passed into the hands of Shilav. The company produces clothing and games for babies and toddlers for about 200 points of sale throughout the country, and has 11 branches.