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"We will not face it": Fashion chains embark on a struggle | Israel today

2020-04-02T16:18:33.452Z


More than 400 companies from various retail branches have joined the mall. • "We will not open stores on the day it is announced that they return to the shopping basket


Over 400 companies from various retail branches have joined forces with the canonium • "We will not open stores on the day it is announced that they return to normal"

  • The fashion and business chains are not silent

    Photo:

    Gideon Markovich

At a press conference this morning (Thursday) in the presence of various industries, the fashion, restaurant and trade chains announced a fight against mall owners. "We will not open the stores on the day it is announced that they are returning to a gradual routine. We will leave desolate shopping malls if they do not come forward," they said in a joint statement.

Among the participants were Harel Wiesel, CEO and owner of Fox Group, Jacob Halperin, CEO and owner of Optica Halperin Network, Avi Shomer, CEO of Book Junction Network, Ronen Namani, Owner of Coffee Cafe Group, Gabi Rotter, CEO of Castro Group , Raviv Brookmeyer, Golf Group CEO Guy Dear, Owner of Falafel Squared, Shahar Turgman, Brill Group Chairman and Karen Shoham Levy, owner of Minana.

Recently, more than 400 fashion and retail chains from various retail branches have been incorporated in the midst of the Corona crisis, to try and help as much as they can. The association requires the Treasury to help financially. "It is not possible for the Treasury to announce that NIS 1 billion of the economic emergency plan includes NIS 15 billion in loans to the business sector, which is not actually a real financial expense, but only the cost of the State guarantee on part of that amount. In just NIS 3 billion, "says Dadi Riesel, chairman of the malls and retail chains conference.

Dozens of networks and members of the association have been trying for two days to log on to the Loan Fund's website and are reported to have said the site is unavailable. "The banks are not prepared to give the loans, so there is more probable concern that until after Passover the whole thing will remain stuck. Trading networks need the loan money as oxygen to breathe, many networks will not survive until the Treasury and banks run into a fight between them."

Harel Wiesel said on the subject that, "The Treasury understands that we need help and compensation, and they are working on an outline. Loans that said they will get stuck with the banks, there are discrepancies and agreement between the banks and the Treasury, all the declarations made by the Prime Minister in recent weeks are stuck and the money, It has to be given here and now and for our young people this is not happening. "

Shachar Turgeman of the Brill Group that unites the Glee chains, Nine West and Lee Cooper presented the snapshot of the fashion industry, "There are currently surplus products on the shelves in the billions, profits from the sale of summer fashions for us are lost. The money from summer collection sales should pay for the orders and production of Winter collections and we have no way to pay for it. We'll stay with the summer collection on the shelves even when the malls open, expecting a high percentage of sales when we return. Add to that the mall owners who require us to pay rent and management fees for whatever profits there will be, we won't handle it. "

Source: israelhayom

All life articles on 2020-04-02

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