Israel develops technology solutions for China; Armani and Chanel opening stores in Tel Aviv; Israeli startups pitch in New York; and much more!
By Michael Ordman
ECONOMY & BUSINESS
Giorgio Armani and Chanel coming to Israel
Armani Beauty, the beauty brand of Italian fashion house Giorgio Armani, is reportedly to open a store in Tel Aviv’s Ramat Aviv Mall. The shop will offer cosmetics, skincare products and fragrances. Chanel is also opening in Ramat Aviv Mall and in the TLV Gindi Mall.
Israeli startups on the road to China
At the Asian Financial Forum 2019 in Hong Kong, Israeli entrepreneur Jon Medved said that tiny Israel develops technology solutions and China provides for a massive scale-up of operations. An example is Israeli ag-tech, which increases food production for everyone.https://hkmb.hktdc.com/en/1X0AG839/inside-china/Start-ups-on-High-Road-to-China
Bringing Israeli startups to NYC
B-Seed Investments is hosting a pitch from eight innovative Israeli startups on 24th Feb in Brooklyn New York City. They are Swathly (marketing), Class.Me,(Education), Fertigo (medical), Verto (imaging), Enerjoy (marketing), Innovesta (finance), MyTower (IoT0 and MYTech (media)
https://www.jewishpress.com/news/business-economy/b-seed-investments-your-bridge-to-israeli-startups/2019/02/13/ https://www.swathly.com/ http://www.fertigo-medical.com/ https://vertostudio.com/ https://www.enerjoy.co/ https://www.linkedin.com/company/innovesta/about/https://www.mytowerapp.com/
New record for foreign currency reserves
Israel’s foreign exchange reserves at the end of Jan 2019 climbed to a new record of $118.151 billion, up $2.872 billion from the end of Dec 2018,
Arkia to start two Tel Aviv to India direct routes
Israeli airline Arkia Airlines is to begin a direct weekly flight to India’s Goa state and twice-weekly to the city of Cochin (Kochi) in Kerala state. Flight times are around seven hours and will commence in September after the end of the monsoon season.
El Al to fly direct to Orlando
El Al announced, during the IMTM International Tourism Exhibition in Tel Aviv, that it is to launch direct flights to Orlando, Florida in the summer of 2019. Tickets for the 13.5-hour Tel Aviv and 12-hour Orlando return night flights will go on sale shortly for a discounted price.
Share an electric scooter
Israeli startup Inokim is to launch its Leo electric scooter sharing service in Tel Aviv in March. It will initially operate 500 scooters, increasing to 3,000 by May. The service will then be expanded to Haifa and Eilat with 10,000 scooters by the end of 2019.
Intel appoints 7 new Israeli global VPs
Intel appointed seven Israeli executives to Vice President positions in its global operations, bringing the number of Israelis in these senior posts to nearly 20 of its 150 global VPs.
Boutique hostels for Tel Aviv
I reported previously (19th Aug) that Israeli-founded Selina was looking at possible sites in Tel Aviv to open boutique hospitality hostels. It has now announced that it will open the first of its Tel Aviv facilities this summer. Selina currently has 10,000 beds at 44 sites in Latin America and Portugal.
Mind the Tech for chance to win $1 million
The semi-final of Trifecta, a $1 million startup competition, will be held during Calcalist’s 3rd annual Mind the Tech Conference, in New York on April 10-12. The final will be in Israel in June where the $1 million investment will be awarded by Israel-based firm Pitango Venture Capital.
Symantec buys Luminate for $200 million
I reported previously (18th Nov)that US cybersecurity giant Symantec had bought its 3rd Israeli company. It’s now acquired a 4th – Luminate, for a reported $200 million – to “further extend… the power of Symantec’s Integrated Cyber Defense Platform”
The inside story on food trends
Israeli startup Tastewise can transform the strategy and decision-making of companies in the food business with its real-time industry data and predictive analytics. Tastewise is currently focused on the vast US market, but plans to expand, including to Israel where its R&D operations are based.
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