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Vitamin World Files for Bankruptcy, was run by Susa's Owner

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    Vitamin World Files for Bankruptcy, was run by Susa's Owner

    https://www.reuters.com/article/vita...-idUSL2N1LI1WL

    Susa owner used to run it until he was replaced in late 2014. Let's hope he is better at running a soccer club.

    #2
    Originally posted by Unregistered View Post
    https://www.reuters.com/article/vita...-idUSL2N1LI1WL

    Susa owner used to run it until he was replaced in late 2014. Let's hope he is better at running a soccer club.
    No need for expensive real estate rents for vitamins which is why VW is in trouble. Soccer is different. Both sets of buyers tend to be susceptible to marketing nonsense

    Comment


      #3
      Originally posted by Unregistered View Post
      https://www.reuters.com/article/vita...-idUSL2N1LI1WL

      Susa owner used to run it until he was replaced in late 2014. Let's hope he is better at running a soccer club.
      According to article the vitamin company was sold to private equity. Private equity has been running the company and placed company into bankruptcy. So founder has nothing to do with it. More than likely he has been paid already.

      Comment


        #4
        Originally posted by Unregistered View Post
        According to article the vitamin company was sold to private equity. Private equity has been running the company and placed company into bankruptcy. So founder has nothing to do with it. More than likely he has been paid already.
        Yes, the company was sold to a private equity firm, but, the lease decisions, which are the cause of the bankruptcy, were attributable to the prior owners (SUSA owner).

        Comment


          #5
          Originally posted by Unregistered View Post
          Yes, the company was sold to a private equity firm, but, the lease decisions, which are the cause of the bankruptcy, were attributable to the prior owners (SUSA owner).
          Yet private equity still paid a premium for the company. The leases weren't a secret when PE bought the company. Sounds like excuse making to me. It's always better to blame the prior regime. The bankruptcy is to break the leases in PEs favor

          Comment


            #6
            So three years after a guy sold a company it ran into problems? This is a story why?

            Comment


              #7
              PE firms load companies up on debt. Bankruptcy is common after buyouts. their fault for not unwinding leases and seeking other sales outlets more aggressively. Besides, if one bad business plan doomed you forever we wouldn't have you-know-who in the White House right now.

              Comment

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