Ronen Ganon
Found 4 recent publications
The giant chain sold in a massive deal presents: revenue of about one billion shekels
Multi Retail, owner of ACE, Auto Depot, and Betili, concludes the first half of 2026 with a 175% jump in EBITDA. This comes shortly after the agreement was signed to sell control of the company to the Ganon Group.
"We will turn Ace into Costco, we will sell everything there - from pasta to a kitchen faucet"
Ronen Ganon, the Haredi real estate entrepreneur who acquired Ace, Betili, Auto Depot, and 50% of Zol Stock, is entering the big leagues. The plan: to turn Ace into a chain that combines home accessories with food and to double the number of branches within a year. In an interview, he looks back at his childhood as a yeshiva student in a low-income family of seven and tells of the path he took to...
Ronen Ganon takes control: The new discount empire set to include 155 branches in Israel
Starting his career in real estate, Ronen Ganon has moved aggressively into the retail sector in recent years. As the owner of 50% of Zol Stock and founder of the Shai Market chain, Ganon has now signed a deal to acquire control of Multi Retail, marking a major expansion of his business empire.
Owner of Zol Stock acquires Ace, AutoDepot and Betili from Kedma fund at a 60% premium
Businessman Ronen Ganon is acquiring a 69.9% stake in Multi Retail for 166 million shekels. The deal values the company at 238 million shekels, representing a 60% premium over its Tel Aviv Stock Exchange valuation.