Anta

The Israeli fashion company reports a strong quarter with record operating profit and revenue growth. After 2025 ended with a profit decline of over 52% and the first quarter of the year closed with a loss of 28 million shekels, Castro signals a full recovery: "We continue to work to maximize sales and profitability in all brands."

About a month ago, Castro announced its plans to launch the Chinese sportswear brand ANTA in Israel. The company has now revealed it will collaborate with the competing fashion group Renuar to jointly establish the brand's operations, subject to Competition Authority approval.

One of the world's largest sports brands is heading to Israel: Castro-Hoodies and Renuar have signed an agreement to establish a joint venture for the Chinese brand ANTA. The initiative includes opening a retail chain, an e-commerce site, and wholesale distribution, with an initial investment of approximately 30 million shekels.

The business of sports giant Nike in China is in a deep crisis. Although the sportswear market in the country has grown by 51% over the last five years, the company's sales in the region have fallen for eight consecutive quarters. Since 2021, Nike's business in China has shrunk by 30%, and its annual revenue has reached an eight-year low.