On April 23, Adv. Erez Hever of Amit, Pollak, Matalon & Co. was appointed as receiver to Kfar Hashashuim, at the request of the secured creditor, Bank Leumi. Kfar Hashashuim is the largest toy chain in Israel and has 57 franchise branches spread throughout the country.
As of the date of appointment, the Company is operated by Adv. Hever and Adv. Reut Avraham as a going concern, with the aim of carrying out a quick sale process, while maintaining the Company’s status and value. The sale process is currently under way, and some of the most significant entities in the Israeli economy are interested in purchasing the company.
Involved fees earner: Erez Haver – Amit, Pollak, Matalon & Co.; Reut Abraham-Gedalia – Amit, Pollak, Matalon & Co.;
Law Firms: Amit, Pollak, Matalon & Co.;
Clients: Kfar Hashashuim Toy Stores Ltd.;