$50 Million in Debt Is Threatening Kentucky in Israel, and the Crisis Has Been Worsening Since October 7th.
4 Articles
4 Articles
The Kentucky crisis in Israel has worsened since October 7, 2023, following the fall in sales and the closure of eight branches, for the operating company to demand judicial protection from creditors after accumulated debts of about 50 million schillings, equivalent to $16 million.
Sawalev is facing a severe financial crisis in Israel that prompted SMART's Kentucky chain operator to apply to the Central Court in Beersheba to appoint a temporary guardian for its work, with debts estimated at 50 million chil. The company runs 12 branches, with debts of approximately 37 million chikel due to its owners, who provided funding...this Kentucky's content is facing a financial crisis in Israel and a debt of 50 million chil that fir…
Economy: Smart Service D&K, manager of KFC restaurants in Israel, requested the Beer Sheva District Court to open bankruptcy proceedings against her and appoint a temporary manager.
Smart Service K&K, which operates the chain's branches in Israel, filed an urgent petition with the Beer Sheva District Court. The company reports heavy debts, including an owner's loan of approximately 37 million shekels, and attributes the distress to the events of 7
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