Live Update 
From the Liveblog of
Thursday, June 25, 2020
From the Liveblog of
Thursday, June 25, 2020
Fashion giant Fox accused of ‘piggish behavior’ for paying dividend despite losses
Add ToI as a Preferred Source on GoogleFashion 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.
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