The Israeli cosmetics firm Ahava, which has been a major target of BDS activists because of its manufacturing facility in the occupied West Bank, will be fully acquired by a Chinese investment group.The Fosun Group on Sunday night in Jerusalem signed an agreement to purchase the Dead Sea skin care products company Ahava for $77 million, 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 inside the Green Line marking Israel’s pre-1967 borders. It is not known if the new plant eventually will supplant the factory in Mitzpeh Shalem.
Chinese business conglomerate has agreed to become the majority shareholder of the Israeli Ahava Dead Sea minerals cosmetics company for close to $76.5 million.
The Ahava Dead Sea minerals cosmetics company, under pressure for operating in the West Bank, is considering opening a manufacturing plant inside Israel’s sovereign borders.
Abigail Disney, a descendant of one of the Disney Company founders, has announced that she is disclaiming her share of the family’s investment in the Israeli cosmetics company Ahava, due to the fact that it is located in the West Bank and is engaged in the “exploitation of occupied natural resources.”
I sent Boychik off to his summer program in Israel with an extra $100 in his pocket and instructions to bring me back as much Ahava hand cream as that will buy. Ahava is my favorite — smells nice, absorbs quickly and does what it’s supposed to — but it’s too pricey here in the U.S. for me to indulge too often. I also like buying Israeli products when at all possible, thinking I’m doing my little bit to support the country’s economy.