Argaman, Survivor of Israel’s Old Textile Nation, Is Crushed by Debt

Argaman, which was founded in 1934, adopted high-tech and moved production abroad, but it still couldn't return to profitability.

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It wasn’t long before the rise of Startup Nation that Israel could have been called Textile Nation. In the 1980s and ‘90s, textiles were one of the country’s biggest industries, employing thousands. But...