Israel – Charedi Businessman to Hold Stakes in Shabbat-Active Company

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    Shulem Fisher. Photo: Sivan FaragIsrael – Charedi businessman and Shufersal Co-Chairman Shulem Fisher, who had previously voiced strong objections to businesses being open on Shabbat, is due to partner up in British Israel Investments Ltd. whose shopping centers are open on Saturdays.

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    British Israel is planning to purchase Iris Hagilboa Construction and Development Ltd. owned by Fisher and the Bronfman family. Bronfman Fisher Investments are slated to sell Iris Hagilboa, which owns the Ikea compound in Rishon Lezion, in exchange for 10% of holdings in British Israel.

    Among its other businesses, British Israel runs the Queen of Sheba mall in Eilat, stores in the Bilu junction, food courts and amusement rides in the Grand Canyon mall in Haifa and movie theaters and food courts in the Avnat mall in Petah Tikva – all of which are operated on Shabbat.

    One of the reasons for Bronfman Fisher Investments’ withdrawal from the partnership with Blue Square’s Dudi Weissman four years ago was the fact that Weissman owns the AM:PM chain, which is open on Saturdays.

    However, the holdings that Bronfman and Fisher will get from the sale of Iris Hagilboa to British Israel will be divided between the two, such that Fisher himself will only hold a small amount of British Israel shares.

    A spokesman for Bronfman Fisher Investments commented that the group will hold British Israel minority stakes, “This is a financial investment without any involvement in management.”


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    26 Comments
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    ask a rov
    ask a rov
    14 years ago

    If he asks a sheila, he should follow what his rov says to do!

    Anonymous
    Anonymous
    14 years ago

    Really interesting, I know Yaakov Shulem personally, he has a heart of gold, and he’s a VERY Frum Yid. I’m sure that if his Rabbi (which happens to be my Rabbi too) tells him not to buy in, he won’t, and I’m sure he didn’t do anything without asking his Rabbi, cuz he never made a business deal without asking his Rabbi.

    I hope and pray for him that he should be succesful in this and all his business deals, so He should be able to continue to give the enormous ammounts of Tzedaka he already does. May Hashem be in all his ways, and guide him in the right direction…

    yoelyg
    yoelyg
    14 years ago

    in the thora say’s mcallaho mos yimos, pls….. dont try to make tricks, gavald.

    Anonymous
    Anonymous
    14 years ago

    There are ways to do it when you have a non jewish partner.

    Anonymous
    Anonymous
    14 years ago

    British Israel is also owned by a frum Jew from London.

    sg
    sg
    14 years ago

    “who had previously voiced strong objections to businesses being open on Shabbat”

    ki ha-shochad yi’aver anei chachomim, ve’salef divrei tzadikim!

    once again, a kanoi with someone else’s money, up untill he can make a buck.

    Anonymous
    Anonymous
    14 years ago

    The kesef mishna is matir altz.

    BrooklynEsq
    BrooklynEsq
    14 years ago

    din dmalchusa din…he must help bail out the situation…he is a bal zuduka and derserves recognition for his stauts…kol hakavoke

    For Real!
    For Real!
    14 years ago

    Could everyone ask their Rov before jumping to conclusions??

    Could be he has a deal that every Shabbos the ownership gets transferred to a non-jew??

    Do you know the logistics of the agreement??

    Think before you speak!!!! For your own sake!!!!!!!!!!

    Anonymous
    Anonymous
    14 years ago

    The Eida/Badatz does not pull their Kosher Certificate on company’s whose division (AM/PM)are open shabbos. A shtar mechira (which is given rampantly nowadays) works wonders.

    Shulem Fisher's Guest
    Shulem Fisher's Guest
    14 years ago

    I know this guy and whatever the case is, I don’t thing it’s right to report him in public. He’s extremely nice, and doesn’t do a thing without his Rebbe’s advice who is a big Tzaddik. Also, he helps his partner Bronfman getting closer to Yiddishkeit.

    merkin
    merkin
    14 years ago

    I dont’ think we should be so judgmental of each other. If you are judgmental of your fellow Jew, then perhaps Hashem will be judgmental of you when it is time. Please, rabosai, let us be tolerant of each other and be dan l’kaf schus. That is the only way.

    Anonymous
    Anonymous
    14 years ago

    kol hakovod Shulem. He is a big baal tzedaka and is doing everything khalach

    Anonymous
    Anonymous
    14 years ago

    wake up its all about money money money is isint it a wounderful life.

    Anonymous
    Anonymous
    14 years ago

    I olso know shulem fisher.a really nice person.n his rebbi would do anythink 2watch on t shaboss.n he dosent do a think with out asking his rabbi.witch is 1of t biggist ztadikim in our times.!

    Anonymous
    Anonymous
    14 years ago

    shulem is an talmud of the Erlauer…
    the Rav (one of the ziknei hador) would never let him do the deal if its not 100% kosher.
    a git shabbos to all

    Anonymous
    Anonymous
    14 years ago

    shulem is an talmud of the Erlauer…
    the Rav (one of the ziknei hador) would never let him do the deal if its not 100% kosher.
    a git shabbos to all

    Anonymous
    Anonymous
    14 years ago

    Elbit (there are two, i forget which, I believe it’s the one which is not into defence contracts also)which owns plaza something, builds malls in eastern european countries, they are also owned by a frum yid and were building a mall on top of a 400 year old Jewish cemetery in Plzen Czech rebuplic.

    Motti
    Motti
    14 years ago

    As I always say, when it comes to money we see who truely is a Chareidi Jew and who is’t!
    For those who find excuses nd loopholes to evade the strict business holochos, isn’t worth to be called a frum or chareidi Jew. All they are after is money and not Torah and Mitzvos!
    The Erev Rav is everywhere and isn’t shying away from being called religious or even Rabbi!