Fox Group

The Canyon HaZahav mall in Rishon LeZion is launching a new 12,000-square-meter floor, as the Fox Group significantly expands its presence and introduces new brands to the complex.

The Fox Group held talks with international brands before October 7, but the war halted these plans. Harel Wizel stated that negotiations would resume if Israel enters a prolonged period of stability. Simultaneously, the company plans to expand the Jumbo chain and optimize its import logistics from China.

In an open conversation with investors, Fox Group CEO Harel Wizel spoke about the difficulties of the growth engines at Retailors and Jumbo, alongside the group's recovery in the second quarter of the year.

The retail group is appointing IronSource alumnus and Rise founder, Oren Brant, to a first-of-its-kind position in the company, with the goal of expanding the use of AI.

The Fox Group, led by Harel Wiesel, reported record financial results for the second quarter of 2026, with revenue reaching 1.83 billion shekels and a dividend distribution of 150 million shekels announced.

Alongside its flagship hypermarkets, the Jumbo Greece chain, operated by the Fox Group, is launching a smaller store format. The first branch has opened in the Talpiot neighborhood of Jerusalem, offering a wide range of products with prices up to 9.90 NIS.

The low-cost shoe chain TO GO, which once operated 70 branches, is downsizing to 34 locations. Harel Wiesel has acquired the lease rights for 10 of these branches to convert them into Fox Group stores. Meanwhile, Aldo is opening its only stock store at the Chutzot HaMifratz complex with an 800,000 NIS investment.