BDS Target Ahava Dead Sea Cosmetics Bought by Chinese for $77M
The Israeli cosmetics firm Ahava will be fully acquired by a Chinese investment group for $77 million.
The Fosun Group on Sunday night in Jerusalem signed an agreement to purchase the Dead Sea skin care products company, the Israeli business daily Globes reported.
Ahava has been a target of the Boycott, Divestment and Sanctions movement against Israel over its factory in Mitzpeh Shalem, located about one mile from the western shores of the Dead Sea in the eastern West Bank, as well as initiatives targeting only products made by Israelis in the West Bank and other disputed territories, namely the Golan Heights and eastern Jerusalem.
Last month, the company confirmed plans to open a plant in Ein Gedi, located within Israel’s pre-1967 borders. It is not known if the new plant eventually will supplant the factory in Mitzpeh Shalem.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
