The Iranian Group establishes an investment fund in retail start-ups for NIS 100 million

by time news

The Irani Group establishes an investment fund mainly for start-ups in the retail (fashion) and fashion sector in the amount of more than NIS 100 million. The group will also serve as a design partner and give startups laboratory environments, stores, warehouses, DATA and more, and will allow a sandbox of the network infrastructure from Factory 54 stores and brand stores, supply chain, technology systems, data and more for testing the product in a real environment.

Amir Rosen, who has served as the Group’s VP of Technology and Information Systems for the past three and a half years, will serve as CEO of the Investment Fund. Michal Klish, who managed the group’s business development and strategy, photo of Senior VP of Investment and Strategy (senior VP)

Roni Irani, the founder and owner of the Irani Group: “In the last 150 years the retail has hardly changed, we are facing a revolution, and the retail world as we know it will undergo a dramatic change. “Adopt and develop significant innovation. A combination of a variety of significant technological innovations is required that will enable the retail revolution. Israel is a world center for innovation and is at the forefront of technological technology.”

Amir Rosen, CEO of the Investment Fund: “The broad knowledge that the group has accumulated over the years in the field of retail and fashion allows us to direct the startups and is a power multiplier and a basis for joint success.”

The Iranian Group operates in the fashion world and has 140 stores and 1,800 employees. The group is the representative in Israel of brands such as Armani, Diesel, Boss, Tommy Hilfiger, Michael Kors, Fendi, Saint Laurent, Monkler, Blanciaga and more.

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