Office Depot’s Israeli branches to close on Shabbat
US offices approve move by new ultra-Orthodox owners
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An Office Depot branch (photo credit: CC-BY Lizsummers/Wikimedia commons)
JERUSALEM (JTA) — The Office Depot chain in Israel will close on Saturdays after being purchased by haredi Orthodox Jews from New York.
Israel’s Hamashbir 365 Holdings sold the chain last week to the ultra-Orthodox group of investors as part of a restructuring plan, according to the Haaretz business daily The Marker, which did not name the new owners.
The new owners agreed to invest nearly $8 million immediately in the franchise.
The deal was approved by the Office Depot parent company in the United States.
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