"Sharper Image" is bankrupt
Their troubles began with some questionable claims about the "Ionic Breeze"...
http://www.bloomberg.com/apps/news?p...PK4&refer=news Quote:
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I've never understood filing a BK
It's like calling a timeout when you're losing and then walking off the court. : / Always a fun store to go into, but who bought this stuff? |
Quote:
In this case (at least according to the news quote) SI wants to shed the less profitable locations and rejuvinate cash flow by keeping the profitable locations. If successful, Sharper Image will not disappear - just be leaner and meaner (and, presumably, more profitable). If the plan of arrangement is unsuccessful, it will likely disappear. |
Here are a few updates...
http://biz.yahoo.com/ap/080305/sharp...ptcy.html?.v=1 http://biz.yahoo.com/bw/080307/20080307005785.html?.v=1 |
All times are GMT -6. The time now is 07:53 PM. |
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