Management of FOX Group Opened Trading to mark the 15TH Anniversary of its TASE Listing

​Fox Group management rang the bell to open trading today, marking the 15th anniversary of its TASE listing.

Harel Wizel, CEO and co-owner of Fox Group: “We are pleased to mark the 15th anniversary of Fox going public on TASE and are proud to be listed among the 75 largest public companies in the Israeli economy. The group currently markets 16 brands, including: FOX, FOX HOME, AMERICAN EAGLE, NIKE, FOOT LOCKER, MANGO, LALINE and more, operates some 570 sale outlets and employs over 6,500 staff. Fox Group leads the Israel fashion and lifestyle sector and invests considerable efforts in continually adapting itself to changes taking place in the sector, both in Israel and globally. Next month, we plan to launch TERMINAL X – Fox Group’s unique and innovative trading platform; TERMINAL X is an Internet site on which – in addition to the Group’s own brands – more than 40 other Israeli and international brands will be offered for sale. In a few weeks’ time, we expect to open our first NIKE store in Canada and, toward March, we plan to introduce the URBAN OUTFITTERS brand to Israel. Fox Group continues to resolutely develop its core brands and to develop new brands in accordance with its strategic plan, so as to ensure the company’s further growth in the coming years”.

Orly Grinfeld, EVP, Head of Clearing: “TASE is proud to have companies such as Fox. A company that began in the 40s as a family company and today has hundreds of multi-brand stores, over 6,500 employees, aggregate revenues of the group companies in excess of NIS 2.2 billion per year and a market value of approximately NIS 1 billion, which qualifies it for inclusion in TASE’s flagship indexes. Yields share of 490% since the group first listed in 2002 and at 19% since the beginning of 2017, with the group having a policy of distributing 50% of each year’s profits as dividends. We wish the company to continued success in its operations in Israel and overseas. We hope that Fox’s story will be an inspiration for other Israeli family companies to follow the same path and to leverage the inherent advantages of listing on TASE.