One of the guests at Isaac’s and Nani’s Bar/Bat Mitzvah party, was an Israeli friend of Gollar’s ﬁrst cousin. He was looking for investors for Club Hotel Israel, a timeshare apartment hotel chain. In timeshare properties, multiple parties hold rights to use the property, and each owner of the same accommodation is allotted a designated period of time to use it. Golli’s cousin introduced this entrepreneur to Nissan, who was infatuated with the idea, and initiated a collaboration with the Israeli businessman. Sasson, afraid of the repercussions of this collaboration, opposed this partnership. However, Nissan became so deeply involved with this business, that after a while he and his brothers went their separate ways. Unfortunately, Nissan very quickly realized what a mistake he’d made in this collaboration with the Israeli merchant and the Club Hotel project. He also parted with Parviz, his brother-in-law. The partnership with Nissan having dispersed, the family business lost its past glamor, and by 1988 there was no more family partnership in business. It would take a few more years for the brothers to resume their collaboration — in the tennis arena.
Gollar: In addition, in the mid-80’s, Gorbachev’s launched his “Glasnost” policy, which was good for Russia, but not for our business. The Russians started smuggling carpets out, and selling directly to customers, thereby bypassing the main office in Moscow. Sasson didn’t want to participate in this kind of business. My father’s business failed too. East Germany also collapsed, so everything around my father broke down, and ended in 1988. For Sasson, too, the carpet business had died.