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  #1  
Old 09-05-2017
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Default 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.
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  #2  
Old 09-05-2017
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Quote:
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
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Old 09-05-2017
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Quote:
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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.
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Old 09-06-2017
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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).
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Old 09-07-2017
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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
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Old 09-07-2017
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So three years after a guy sold a company it ran into problems? This is a story why?
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Old 09-07-2017
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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.
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