Where Did Mega’s Millions Go? Creditors Are Asking

The answer, say sources close to controlling shareholder Shraga Biran, is that the cash was poured into a raft of failed investments.

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As Mega, Israel’s second-largest supermarket chain, teeters under the weight of 1.3 billion shekels ($343 million) in debt, its creditors are asking where all the profits from Mega’s best years have...