• New loan helps Domino's Pizza Israel stay open

JERSALEM—Bank Hapoalim yesterday approved a plan for the continued operation of Domino's Pizza Israel, a 25-unit franchisee.

According to the Daily Haaretz, Ronen Matari, the official receiver for Domino's Israeli franchisees, said his plan must be approved by the Tel Aviv District Court, and that an additional NIS 1 million (U.S. $205,000) is needed to keep the chain running for another two to three months.

Matari said a plan to pay Domino's has been approved by workers' representatives, who threatened to stop working if they did not receive their November paychecks totaling about NIS 1 million (U.S. $205,000).

Sources affiliated with Domino's Pizza Israel said Matari's plan involves closing one unit and finding a franchisee for another. As a result, about 30 of the chain's 600 workers will be laid off.

Read related stories ...

Bank threatening to close 24 Domino's Pizza stores in Israel
Bankrupt Domino's Pizza Israel set for sale

Related Content

User Comments – Give us your opinion!
Products & Services

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Can you prove your restaurant POS is PCI-compliant?

http://global.networldalliance.com/new/images/products/1292.png

1292/Can-you-prove-your-restaurant-POS-is-PCI-compliant

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

Remote Service | Content Management Service

http://global.networldalliance.com/new/images/products/6685.png

6685/Remote-Service-Content-Management-Service

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

MVR Reports

http://global.networldalliance.com/new/images/products/MVR_Report_iix.gif

1252/MVR-Reports

Sourcing

http://global.networldalliance.com/new/images/products/6407.png

6407/Sourcing

Javarama coffee

http://global.networldalliance.com/new/images/products/6961.png

6961/Javarama-coffee

Solutions

http://global.networldalliance.com/new/images/products/4551.png

4551/Solutions

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.