Hazi Hinam Co-CEO and Founder's Daughter Departs Amid Legal Dispute
Translated & summarized from TheMarker by baba
Orit Shalom Bag, daughter of Hazi Hinam's founder and co-CEO, is leaving the company amid a legal battle with partners Moty Korfeli and his family. The lawsuit, filed by Shalom Bag and her mother, alleges minority shareholder oppression and seeks to dissolve the partnership's real estate assets. The family holds one-third of the company and claims Korfeli is acting improperly. Neither side has commented.
The story in 6 lines · by baba
- Orit Shalom Bag, daughter of Hazi Hinam's founder, is leaving the company.
- Shalom Bag and her mother are suing partners Moty Korfeli and his family.
- The lawsuit alleges minority shareholder oppression and seeks to dissolve real estate assets.
- The Shalom family holds one-third of the company.
- Moty Korfeli is the chain's CEO and a partner.
- Neither side has commented on the dispute.
Orit Shalom Bag, co-CEO of the retail chain Hazi Hinam and daughter of its founder, is leaving her position and the company following a legal dispute with the other partners. Shalom Bag, who worked at the company founded by her father for 26 years, is suing Moty Korfeli and his family, who are partners in the business. The lawsuit, filed by Shalom Bag and her mother, alleges minority shareholder oppression and seeks the dissolution of the partnership's real estate assets. The family holds one-third of the company and claims Korfeli, who serves as the chain's CEO, is mistreating them as minority shareholders and acting unilaterally with company assets. Her appointment as co-CEO was reportedly not officially approved. Neither side provided a comment on the ongoing legal conflict.
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