Israel's stop hairdresser closes up shop, flees country

After getting into huge debt, Shuki Zikri shut down his business and fled Israel; black market criminals threatened his life.

By GLOBES
December 22, 2011 23:26
2 minute read.
Shuki Zikri

Shuki Zikri 311. (photo credit: Courtesy of Shuki Zikri)

 
X

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 experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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

Shuki Zikri has shut down his business and fled Israel after black market criminals, to whom Zikri owes more than NIS 10 million, threatened his life, Yediot Aharonot reported.

On Wednesday, Shuki Zikri announced that he is closing his nationwide hair-design chain due to debts. Yediot Aharonot reported that although Zikri was sick at the beginning of the week, he went to work anyway.

Be the first to know - Join our Facebook page.


Two days later, though, he did not arrive at his offices.

Employees were sure that Zikri failed to appear due to his illness. However, when his sister, who is the reception manager, also failed to appear, questions began being asked.

“We were in shock,” employees told the newspaper when they were informed that Zikri would not be returning.

“We were completely surprised. We have a feeling that he also didn’t have any idea this was going to happen to him. He has been in a great mood and has not displayed any signs of distress.”

However, some employees claim that Zikri was in over head, and this was why he got into trouble. He recently launched a luxury boutique salon in Tel Aviv.

JPOST VIDEOS THAT MIGHT INTEREST YOU:


“Who needs this grand palace?” one of his employees asked. “We were a small and cohesive family and now everything has been ruined.”

One of the chain’s hair stylists said, “Shuki made the salary of a plastic surgeon. Why did he need to get into all of this mess?” Earlier this week, Zikri released a statement relating to the shutdown due to “financial difficulties.”

“After more than 20 years of thriving and breakthrough business in hair design in Israel and internationally, where we led in every field and channel, we created trends and set standards both in terms of size of the chain, the haircut, schools, products, displays in Israel and around the world, the language of design, the collection, and at the level of profession and service. We are forced to announce with great sadness the cessation of operations by the Shuki Zikri chain, due to financial difficulties,” said the statement.

Zikri revoked professional responsibility, both directly and indirectly, for all activities of the business as well as its brand, which he had built over the years.

Shuki Zikri founded the chain in 1985, and it currently includes salons and hair-design schools as well as cosmetics and manicure and pedicure departments.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS