Mega, in crisis, to shutter stores Monday

January 17, 2016 14:07


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Grocery chain Mega will close its remaining branches on Monday as it continues to battle suppliers over debts.

The Lod District court acceded to a Mega request for a stay on proceedings for 60 days, during which it will appoint a court trustee. Some 3,500 Mega employees were expected to protest at the court Monday morning.

On Friday, the embattled grocery chain decided against making payments in the realm of NIS 50 million to its suppliers.

According to Calcalist, Mega's debt stands at NIS 1.2 billion shekels, about NIS 477 million of which it owes its suppliers. That figure includes NIS 24 million to Cola-Cola Israel, and NIS 88 million to Tnuva.

Related Content

Breaking news
July 19, 2018
U.S. delegation to meet Turkish officials on Iran sanctions