Live UpdateFrom the Liveblog of Thursday, June 25, 2020
Fashion giant Fox accused of ‘piggish behavior’ for paying dividend despite losses
Fashion chain Fox is paying its shareholders a dividend of NIS 49 million ($14.2 million) for the first quarter of 2020, despite losses caused by the coronavirus crisis, Hebrew-language media reports.
The news comes after Fox demanded and received NIS 40 million from the government to compensate for the losses.
Zehava Galon, the former leader of the left-wing Meretz party, accuses Fox CEO Harel Wiesel of “piggish behavior” in a Channel 13 interview.
A quarterly report says Fox lost NIS 30.2 million in the first quarter of this year, compared with losing NIS 7.2 million in the same time in 2019.
