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The Mzannar family’s 300-year-old textile business survived Lebanon’s civil war by making uniforms for militiamen. But its business savvy was no match for years of economic malaise that followed and it has now shut its factory.
The head of Lebanon’s chamber of commerce chief said last year nearly 2,200 businesses had closed, warning that more would collapse. And while there is dispute over those numbers, Lebanese mostly agree the economy is in dire shape.
