Retail & consumer news
Israel's business and economic news in English, from the country's financial press. Hebrew headlines are translated; every story links to the publisher.
Product recall adds to Maytronics' woes
Maytronics has issued a recall for its Niya Aquasweep S10 pool vacuum cleaner due to fire hazard concerns, compounding the company's financial difficulties.
Globes · 4 hours ago · Maytronics
Just before the IPO, Karpoor appoints a different chairman
Karpoor's former CEO Michael Lobowitz will move to a business development advisor role rather than becoming co-chairman at Electra Consumer Products as previously announced. The company's "basket of the state" program is expected to end next month due to high operating costs and profitability pressure.
Globes (Hebrew, translated) · 5 hours ago · Karpoor, Electra Consumer Products
During the Crisis: Mitrani Aquatics Recalls Product Due to Fire Risk
Mitrani Aquatics, a pool products manufacturer, is recalling the Niya Aquasweep S10 pool cleaner after discovering that water could enter the device and cause electrical shorts and fires. The recall comes during a difficult period for the company, which is experiencing losses and declining sales while seeking investment from venture funds.
Globes (Hebrew, translated) · 7 hours ago · Mitrani Aquatics