Markstone in Race to Keep Magnolia, Jewel in Its Increasingly Lusterless Crown

If the private equity fund fails to repay a 50 million-shekel loan to Fortissimo, it will lose control of the Magnolia jewelry store.

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Just days after reaching an understanding to sell the Steimatzky bookstore chain at a loss of over 200 million shekels ($57.6 million), Markstone Capital Group now risks losing control of the jewelry store...