The 56-year-old company announced filing for Chapter 11 bankruptcy last month after a series of financial hurdles, from rising labor costs to all-you-can-eat promotions that backfired.
I know this business activity of investers buying a business just to strip mine it and dump the carcass is not new as that is the back story to the male character in the movie Pretty Woman back in the 80s. So it’s been happening for a while and I am just shocked that we let it keep happening.
has stuff always been like this? I can never tell if it’s getting worse or if I’m just paying attention now.
I know this business activity of investers buying a business just to strip mine it and dump the carcass is not new as that is the back story to the male character in the movie Pretty Woman back in the 80s. So it’s been happening for a while and I am just shocked that we let it keep happening.