Steimatzky gets short-term reprieve with cash injection
Cash will enable Israel’s largest bookstore chain to pay its suppliers and survive through profit-heavy Passover.
Steimatzky, Israel’s biggest bookstore chain, got a lease on life on Wednesday as its owner, Markstone Capital Group, agreed to inject capital into the business while Bank Hapoalim increased its credit line.
register with haaretz
Like us on Facebook and get articles directly in your news feed