The Golf Group announced on Monday that it has reached a franchise acquisition deal to operate the local Sabon store chain, as the Israeli-founded maker of natural bath and body products, owned by French cosmetics giant Yves Rocher, plans to shutter its manufacturing and logistics operations in the country.

As part of the agreement, the Israeli Golf retail group is buying exclusive franchise rights of Sabon’s online and retail operations, which include 22 stores spread across the country, for a total of NIS 6.5 million ($1.9 million). The five-year agreement also includes the purchase of assets and properties used by the Sabon retail chain in Israel.

Under the terms of the deal, the Israeli fashion and home design retail chain has committed to absorbing Sabon’s 92 store employees as part of the group. Sabon’s Kiryat Gat manufacturing factory, its Israel........

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