Founded in New York City in 1939, Feldheim has been a pioneer in producing Torah-based books with professional graphics and other features not previously utilized by Orthodox publishers. According to a source in the publishing industry, the Ohr HaChaim bookstore chain has expressed interest in taking over the struggling publishing house, and has been holding meetings with Feldheim to that effect.
“The only thing that is true is the company is in financial hardship,” commented a representative of Feldheim. “Management is probing possibilities and a decision will be made in the near future.”
While the Feldheim bookstores in Israel are owned by the Feldheim family, they are legally considered a separate business, and would thus not be directly affected by the bankruptcy status of the publishing house. In an official statement, the company’s owner, Yitzchak Feldheim, stated that the current fiscal crisis only applies to the Israeli division of Feldheim Publising. “Our U.S. operation, Philipp Feldheim, Inc., is an independent entity,” the statement continued, “and we will b’ezras Hashem continue publishing and distributing books.”