Kith ECONOMIC

Research date: 28 October 2026 Target: KITH Sector: Fashion, apparel, footwear and lifestyle retail Scope: Commercial, financial and supply-chain relationships involving Israel and occupied territories.

Supply Chain & Sourcing Relationships

Direct Israeli suppliers

No public evidence identified of Kith Retail, LLC directly procuring agricultural goods from Mehadrin, Hadiklaim, Galilee Export or Agrexco successors, or of identifiable recurring purchases from these suppliers.

No public evidence identified of a KITH manufacturing contract with a named Israeli apparel, footwear or accessories supplier.

Verified international e-commerce supplier

KITH’s international-order policy identifies Global-E Online Ltd. as its international checkout partner and states that Global-E acts as the seller of record for international orders processed through that checkout. The acting retailer is identified through KITH’s operating terms as Kith Retail, LLC and affiliated operators; the precise contracting KITH entity is not disclosed. The recipient of the outsourced commercial activity is Global-E; the originating channel is kith.com. The arrangement was publicly observable on 28 October 2026, but its original execution date, exact fees and transaction volumes are not disclosed. Its public status is continuing at the research date, with contractual termination status otherwise unknown.^{1, 2}

Global-E Online Ltd. was incorporated in Israel in February 2013 and identifies its principal executive offices as 9 HaPsagot Street, Petah Tikva, Israel. Its Form 20-F for the financial year ended 31 December 2025 identifies material Israeli operations, establishing the jurisdiction of KITH’s named service provider independently of KITH’s own website. This filing does not identify KITH-specific receipts.³

KITH separately states that its international checkout partnership allows customers to prepay duties, taxes and import fees. Its shipping policy identifies DHL Express as an international delivery carrier. The specific recipient of any Israeli customs-related payment cannot be established from these disclosures.^{4, 5}

Importer-of-record structure

KITH identifies Global-E as seller of record for international checkout transactions, but its public disclosures do not establish which legal entity acts as importer of record for each destination. No public evidence identified of a wholly owned Israeli KITH import subsidiary, Israeli joint venture or dedicated Israeli importer.^{1, 6}

Global-e’s 2024 annual filing identifies Globale UK Limited, Global-e US Inc. and Flow Commerce Inc. as significant wholly owned subsidiaries of Global-E Online Ltd. The filing does not identify these companies as KITH subsidiaries or establish which entity contracts with KITH.⁷

Seasonal sourcing

No public evidence identified of December–April Israeli produce procurement, Israeli textile sourcing cycles or seasonal Israeli component imports by KITH.

Third-party and indirect sourcing

KITH’s international e-commerce activities use an intermediary expressly identified as Global-e. This establishes an Israeli corporate services supplier relationship; it does not establish that the merchandise shipped by KITH originates in Israel. KITH’s international shipping disclosures were available after July and November 2024 and remained publicly accessible on 28 October 2026.^{1, 8}

No public evidence identified of Israeli-origin goods reaching KITH through a verified Israeli wholesale distributor, white-label manufacturing arrangement or settlement-based intermediary.

Named intermediary act record

• Kith Retail, LLC / KITH international e-commerce operations: Acting entity named in operating terms: Kith Retail, LLC and affiliates; beneficiary/service counterparty: Global-E Online Ltd.; channel: kith.com international checkout; earliest precisely dated corroborating corporate terms: 21 April 2025; latest observation: 28 October 2026; status: continuing publicly advertised arrangement, transaction-level status unknown; audience: international online customers; precise individual contracting entity and inception date undisclosed.^{2, 1}
• Global-E Online Ltd.: Acting entity: Global-E Online Ltd.; beneficiary: merchants including KITH, as separately identified by KITH; channel: Global-e’s cross-border commerce services, documented through kith.com and sec.gov; corporate activity established during 2013–2026; latest observation: 2026 SEC reporting; status: operating company; KITH-specific merchant revenue, contract length and contractual renewal terms undisclosed.^{1, 3}
• DHL Express: Acting entity: DHL Express, as named by KITH; beneficiary: international shipment recipients; channel: kith.com customer disclosures; earliest service date unknown; latest observation: 28 October 2026; status: continuing publicly advertised delivery arrangement; Israel-specific shipment destinations and volumes not disclosed.⁵

Product Origin, Labeling & Regulatory Compliance

Settlement-origin products

No public evidence identified of a specific KITH product manufactured or sourced from an Israeli settlement in the West Bank, East Jerusalem or Golan Heights.

No public evidence identified of KITH selling agricultural products originating in the Jordan Valley or other occupied territories.

Country-of-origin labeling

KITH describes itself as a seller of in-house apparel, accessories and footwear alongside merchandise from external brands. Its corporate description does not disclose a comprehensive country-of-manufacture breakdown, and no Israeli-origin supply contract was established from the examined materials.⁹

No public evidence identified of a DEFRA, UK customs or other regulatory enforcement action against KITH for mislabeling Israeli or settlement-origin merchandise.

Corporate labeling policy

No public evidence identified of a KITH policy expressly addressing the differentiation of goods from Israel and goods manufactured in occupied territories.

Settlement-market distribution

KITH states that it offers international shipping subject to eligible destination countries and checkout restrictions. This general policy does not establish that any order has been accepted or delivered to an Israeli settlement. No settlement-specific customer, fulfilment contract or distribution destination was verified.¹⁰

KITH’s European shipping documentation identifies a destination-specific carrier structure. The published country list examined does not independently establish an Israel-specific carrier, Israeli settlement delivery service or related customs agent.¹¹

Product-compliance act record

No verifiable product-specific Israeli-origin or settlement-origin commercial act was established.

Investment, Capital & Financial Exposure

Direct investment in Israel

No public evidence identified of Kith Retail, LLC acquiring, constructing or operating an Israeli factory, warehouse, data centre, retail property or other fixed investment.

No public evidence identified of KITH acquiring a controlling interest in an Israeli operating company.

Acquired Israeli subsidiaries

No public evidence identified of any acquired or controlled Israeli operating subsidiary of KITH.

Accordingly, no verified Israeli subsidiary acquisition date, purchase price, ownership percentage, local manufacturing facility, Israeli employment scale, sector position or defence-related contract could be established.

Global-E Online Ltd. is a verified independent commercial counterparty, with its own subsidiaries and shareholders; the reviewed corporate records do not establish ownership or control of Global-e by KITH.^{3, 7}

Research, development and innovation

No public evidence identified of a KITH-owned Israeli research facility, accelerator investment, innovation laboratory or Israeli government research grant.

Beneficial ownership and private investment

KITH identifies Ronnie Fieg as its founder, chief executive and creative director. Its corporate history establishes that the brand began in New York in 2011. These disclosures do not provide a complete capitalization table or determine all equity interests of at least 10%.⁹

A historical Business of Fashion account describes Sam Ben-Avraham as a KITH co-founder and states that KITH had not taken institutional growth investment at the time of that reporting. This is historical evidence and does not determine the company’s 2026 ownership structure.¹²

An interview with Sam Ben-Avraham describes his early investment in Ronnie Fieg around 2010 and his upbringing in Jerusalem. It does not disclose his current KITH equity percentage, control rights or investments in Israeli companies.¹³

The Forward identified Ben-Avraham as Israeli-born in October 2019. This [pre-2020] biographical evidence establishes historical personal background; it does not establish that KITH was founded in Israel or that Israeli entities presently own its shares.¹⁴

A secondary ownership article published on 15 June 2026 reports that RedBird Capital Partners acquired a minority interest in KITH during 2022 at an approximately $500 million valuation. The reported transaction’s precise percentage, consideration and current ownership status were not independently established from a primary KITH or RedBird transaction disclosure.¹⁵

Public descriptions of RedBird’s investments document activity across sports, media, entertainment and financial services. The replacement sources identify several RedBird portfolio investments but do not independently identify KITH or substantiate the reported transaction’s equity percentage.^{16, 17}

Controlling-principal investments

• Ronnie Fieg: Founder, CEO and creative director; searched for Israeli operating-company investments, defence-industry equity, settlement businesses and state-linked financing; searched, none found in retrievable evidence.⁹
• Sam Ben-Avraham: Historical co-founder and early investor; searched for Israeli business holdings, property, finance, settlement-related investments and controlling interests; his Jerusalem upbringing and early KITH investment are documented, but no specific current Israeli investment was verified.^{13, 14}
• Ivo Nikolov: KITH LONDON LIMITED director from 1 October 2024; searched for Israeli investments, defence-sector directorships and settlement-related business relationships; searched, none found.¹⁸
• Nicholas Annacone: KITH LONDON LIMITED director from 20 August 2025; searched for Israeli investments, state-linked finance and settlement-related business relationships; searched, none found.¹⁸
• RedBird Capital Partners: Reported minority investor; searched for KITH ownership confirmation, Israeli portfolio companies, settlement exposure and Israeli sovereign-debt activity linked to KITH; no directly attributable KITH-to-Israel financial act was verified.^{15, 16}

Named group and related-entity searches

• Kith Retail, LLC: Named KITH operating entity; searched for Israeli subsidiaries, Israeli acquisitions and settlement activities; searched, none found beyond the disclosed Global-e services relationship.^{2, 1}
• Kith Treats LLC: Named affiliated operating entity; searched for Israeli franchises, Israeli investments and settlement-related commercial activity; searched, none found.²
• KITH LONDON LIMITED: UK retail operating company; searched for Israeli subsidiaries, shareholdings and Israeli financial transfers; searched, none found.¹⁹
• Kith Europe: Regional e-commerce operation; searched for Israeli commercial activity; Global-e checkout relationship documented, with no Israeli controlled subsidiary identified.⁸
• Kith UK: Regional retail and e-commerce operation; searched for Israeli subsidiaries and settlement sourcing; searched, none found.²⁰
• The Kinnect Foundation: KITH-associated nonprofit chaired by Ronnie Fieg; searched for Israeli donations, settlement-linked beneficiaries and Israeli institutional grants; searched, none found.⁹
• Global-E Online Ltd.: Independent Israeli commercial partner; searched for incorporation, tax status, operational scale, subsidiaries and state linkages; Israeli incorporation and operations verified through SEC disclosures.³
• Globale UK Limited: Global-e subsidiary; searched for KITH ownership and Israeli financing attributable to KITH; no such ownership or investment identified.⁷
• Global-e US Inc.: Global-e subsidiary; searched for KITH ownership and Israel-specific financial transfers attributable to KITH; no such ownership or transaction identified.⁷
• Flow Commerce Inc.: Global-e subsidiary; searched for KITH ownership and Israel-related controlled operations; no KITH ownership identified.⁷
• Atrium: Historical retail business associated with Sam Ben-Avraham; searched for Israeli operations and KITH-linked Israeli investments; no specific Israeli financial transfer attributable to KITH was verified.^{12, 13}
• Major Food Group: KITH hospitality collaborator; searched for Israel-linked investment or economic operations attributable to the KITH relationship; searched, none found.⁹
• Hirshleifers: KITH shop-in-shop retail host; searched for Israel-linked KITH distribution or settlement sales; searched, none found.²¹
• Selfridges: KITH shop-in-shop retail host; searched for Israel-linked KITH distribution or settlement sales; searched, none found.²¹

Portfolio holdings and sovereign financing

No public evidence identified of KITH holding Israeli sovereign bonds, Israel Bonds, Israeli defence-company shares, Israeli settlement-business securities or Israel-focused investment funds.

No public evidence identified of KITH underwriting Israeli debt, extending loans to Israeli defence contractors or providing insurance to Israeli military or settlement operations.

Financial act record

• Sam Ben-Avraham: Acting individual: Sam Ben-Avraham; recipient: Ronnie Fieg’s developing KITH business; channel: private investment described in a retrospective interview; earliest stated year: approximately 2010 [pre-2020]; latest confirmed transaction date and current ownership status unknown; amount and equity percentage undisclosed; no destination in Israel established.¹³
• RedBird Capital Partners: Acting entity: RedBird Capital Partners, according to secondary reporting; recipient: KITH; channel: reported private-equity investment; reported observation: 2022; secondary publication: 15 June 2026; present ownership and definitive transaction terms unknown; no Israeli beneficiary or Israeli investment proceeds established.¹⁵
• KITH international commerce: Acting KITH legal entity not individually identified in the checkout disclosure; recipient/service provider: Global-E Online Ltd.; channel: international e-commerce transaction processing; publicly documented after November 2024 and still displayed on 28 October 2026; commercial relationship publicly continuing; contract value, volume and payment dates undisclosed.^{1, 2}

Operational Presence & Market Activity

Physical presence

KITH’s publicly listed retail locations include stores in the United States, United Kingdom, France, Japan, South Korea and Canada. Its published location directory does not list an Israeli store.²¹

KITH describes its international expansion as covering four continents and identifies New York City as the location of its foundation in 2011. Its published corporate description provides no Israeli headquarters or Israeli retail centre.⁹

No public evidence identified of a KITH-owned office, warehouse, fulfilment centre, retail boutique, factory or customer-support facility in Israel or occupied territories.

Third-party Israeli operational infrastructure

Global-E Online Ltd. maintains its principal executive offices in Petah Tikva and operates its cross-border e-commerce business from an international corporate structure that includes Israel. Its fiscal-2025 Form 20-F confirms that senior management and employees operate from Israeli offices.³

Global-e’s 2026 SEC disclosure continues to identify Petah Tikva as its principal executive-office location. This establishes its continued Israeli corporate presence following the July 2024 ICJ advisory opinion and November 2024 ICC warrants, without establishing any KITH-specific Israeli transaction or settlement activity.²²

Global-e also reported an annual general meeting at its Petah Tikva headquarters on 19 June 2025, independently corroborating its Israeli operational presence during the period relevant to this audit.²³

Employment and taxation

No public evidence identified of a KITH-employed Israeli workforce, an Israeli KITH employment entity or Israeli payroll operations.

No public evidence identified of KITH’s Israeli corporation-tax registration or Israeli preferred technological enterprise designation.

Global-e’s 2025 annual report states that it believes it qualifies as a preferred technological enterprise under Israeli tax law. That status relates to Global-e’s own operations and does not establish the same designation for KITH.³

Israeli market positioning

No public evidence identified of a KITH annual report, investor presentation or executive statement identifying Israel as a strategic market, regional distribution centre or significant revenue contributor.

Military and government market activity

No public evidence identified of KITH supplying goods or services to the Israel Defense Forces, Israeli Ministry of Defense, Israeli government procurement agencies or settlement municipalities.

No public evidence identified of Israeli military leave subsidies, reservist salary policies or Israeli government employment incentives operated by KITH.

Operational act record

• KITH retail operations: Acting entities: KITH operating companies, with exact entity-to-store mapping not fully disclosed; beneficiaries: retail customers in countries identified by KITH; channel: kith.com location directory; current locations observed 28 October 2026; individual opening dates vary and were not completely established; Israeli physical footprint not identified.²¹
• Global-E Online Ltd.: Acting entity: Global-E Online Ltd.; beneficiary: its merchant clients; channel: Israeli corporate offices and international commerce operations, evidenced through sec.gov; Israeli incorporation in 2013 and continued activity in 2026; status: operating; KITH-specific personnel allocation unknown.^{3, 22}

Corporate Structure & Foundational Ties

Foundation and corporate identity

KITH states that it was established in New York City in 2011 and identifies Ronnie Fieg as its founder, CEO and creative director. Its corporate history provides no Israeli founding or incorporation claim.⁹

KITH’s website terms identify Kith Retail, LLC and Kith Treats LLC as operators of the KITH online services. Those terms were updated on 21 April 2025.²

KITH LONDON LIMITED, company number 15991179, was incorporated in England and Wales on 1 October 2024. Companies House lists its registered activity as retail sale of clothing in specialised stores and its registered office in London.¹⁹

The UK company’s directors include Ron Fieg and Ivo Nikolov, each appointed on 1 October 2024, and Nicholas Annacone, appointed on 20 August 2025.¹⁸

Companies House records an active statement, notified on 1 October 2024, that KITH LONDON LIMITED has no registrable person or registrable relevant legal entity. This is a disclosure under the UK significant-control regime; it does not provide a complete list of ultimate economic owners or establish a specific Israeli owner.²⁴

The UK filing history records the October 2024 incorporation and later statutory filings, establishing a documented legal presence outside the United States during the period following the July 2024 ICJ advisory opinion.²⁵

Headquarters and domicile

KITH’s documented founding and central corporate identity are in New York. Its public company description does not establish an Israeli legal domicile or dual headquarters in Israel.⁹

No public evidence identified of KITH having an Israeli registered parent company, principal place of management in Israel, or Israeli corporate tax residency.

Israeli-nexus factors

• Founded in Israel: no public evidence identified; KITH identifies New York City as its place of establishment.⁹
• Israeli headquarters or principal management: no public evidence identified.⁹
• Israeli tax residency or preferred technological enterprise status: no public evidence identified for KITH.
• Israeli beneficial ownership or controlling Israeli capital: exact current ownership percentages are undisclosed. Sam Ben-Avraham’s historical Israeli background and founding investment are documented, but current control attributable to Israeli capital was not established.^{13, 14}
• Acquired Israeli operating-company identity: no public evidence identified.
• Israeli commercial service provider: established through Global-E Online Ltd., an Israeli-incorporated company.^{1, 3}

State and institutional linkages

No public evidence identified of Israeli state equity ownership in KITH, Israeli government-appointed KITH directors, Israeli golden shares, veto rights or state-directed governance restrictions.

No public evidence identified of KITH holding an Israeli critical-infrastructure designation or performing Israeli government infrastructure contracts.

Governance and nonprofit structures

KITH identifies Ronnie Fieg as chairman of the board of The Kinnect Foundation, its associated nonprofit. No verified Israeli state, defence or settlement-directed governance mechanism was identified in this disclosed role.⁹

KITH published material concerning its continued cooperation with The Kinnect Foundation in September 2026. The documented activity relates to its own educational and community programme; no Israeli recipient is identified in the examined publication.²⁶

Historical corporate relationships

A historical industry report identifies Sam Ben-Avraham as a KITH co-founder. Its statements concerning ownership and growth financing describe the company’s position at the time and do not establish continuing equity percentages in 2026.¹²

No public evidence identified of an Israeli holding company acquiring KITH or of KITH moving its corporate domicile to Israel.

Profit Repatriation & Economic Contribution

Revenue generated from Israel

No public evidence identified of KITH reporting Israeli revenue, Israeli customer numbers, Israeli geographic profit or an Israel-specific gross merchandise value.

KITH’s general international shipping policy establishes a cross-border sales channel but does not establish Israel-specific completed sales.^{1, 10}

Commercial payments to Israeli companies

KITH’s declared use of Global-E Online Ltd. establishes a supplier relationship with an Israeli-incorporated commerce company. Global-e provides cross-border transaction processing and acts as seller of record under KITH’s disclosed checkout arrangement. The fee structure, allocation of profits, amount paid by KITH and jurisdiction receiving each payment are not publicly disclosed in the reviewed documents.^{1, 3}

Global-e reported aggregate gross merchandise value of $6.569 billion for 2025 in its March 2026 corrective SEC filing, with 91% attributable to existing merchants. These are Global-e-wide figures and cannot be attributed to KITH or treated as revenue originating from Israel-specific KITH transactions.²⁷

Profit-repatriation direction

No public evidence identified of KITH globally generated profits being distributed to an Israeli parent company or Israeli controlling shareholder.

No public evidence identified of Israeli KITH operating profits being repatriated to a foreign parent, because no KITH-controlled Israeli operating entity or corresponding profit statement was verified.

Global-e’s SEC filing confirms that Global-e operates under Israeli corporate and taxation law. It does not quantify the portion of fees from KITH that may be retained, taxed or distributed in Israel.³

Israeli economic ecosystem

Global-e is an Israeli-incorporated cross-border commerce enterprise with substantial internationally reported gross merchandise value and Israeli operating activities. KITH publicly identifies itself as a merchant using that company’s services. No reliable public allocation of Global-e’s corporate value, employment or tax contributions specifically to the KITH relationship was established.^{1, 27}

No public evidence identified of KITH itself being designated an Israeli sector anchor, nationally significant employer, critical infrastructure operator or Israeli state-backed industrial enterprise.

Financing the Israeli state

No public evidence identified of KITH issuing, underwriting, marketing or investing in Israeli sovereign bonds or Development Corporation for Israel bonds.

No public evidence identified of KITH maintaining material financial holdings in Israeli arms manufacturers or companies included in UN settlement-business databases.

No public evidence identified of KITH extending credit or trade financing to Israeli defence primes or settlement-active companies.

Constructive-notice chronology

KITH’s 21 April 2025 terms explicitly describe its international checkout relationship with Global-e, providing dated corporate evidence of the advertised arrangement after both 19 July 2024 and November 2024. The contract’s original execution date and any period of suspension or termination are not disclosed.²

KITH’s international-order information still identified Global-e as seller of record when retrieved on 28 October 2026. The observed public communication addressed prospective international e-commerce customers; its precise first publication date and continuous publication duration could not be established.¹

Economic act record

• Kith Retail, LLC and affiliated KITH operators: Acting entity: exact contracting subsidiary undisclosed; beneficiary: Global-E Online Ltd.; activity: outsourced international checkout and seller-of-record services; channel: kith.com; corroborating dated public observation: April 2025 terms; latest observation: October 2026; publicly continuing; total fees, contract renewal provisions and transaction-level payments unknown.^{1, 2}
• Global-E Online Ltd.: Acting entity: Global-E Online Ltd.; beneficiary: its international merchant customers; activity: cross-border commerce services; channel: corporate SEC filings and merchant checkout integrations; Israeli operations observed from incorporation in 2013 through 2026; continuing corporate operations; KITH-specific revenues and Israeli tax receipts unknown.^{3, 22}
• Sam Ben-Avraham: Acting individual: Sam Ben-Avraham; beneficiary: the early KITH business; activity: historical founding investment; reported timing: approximately 2010 [pre-2020]; channel: retrospective interview; transaction amount, present ownership and any Israeli profit destination unknown.¹³
• RedBird Capital Partners: Acting entity according to secondary reporting: RedBird Capital Partners; beneficiary: KITH; activity: reported minority investment; reported transaction year: 2022; latest secondary account: June 2026; current holding and final consideration unverified; no KITH-attributable investment or profit distribution into Israel established.¹⁵