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 More sad news

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Rosemary



Number of posts: 2692
Location: Kent, UK
Registration date: 2007-12-13

PostSubject: More sad news   Wed Jul 22, 2009 6:47 am

http://www.scrapbookupdate.com/2009/07/20/lenders-push-ek-success-kco-parent-wilton-into-bankruptcy/

I have never been a big fan of K & Co but nevertheless this is really sad.

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bahama97



Number of posts: 1657
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PostSubject: Re: More sad news   Wed Jul 22, 2009 1:27 pm

Wow! That is such a large company too...who's next? Making Memories?

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Ms-Smiles



Number of posts: 1329
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PostSubject: Re: More sad news   Wed Jul 22, 2009 1:28 pm

Very interesting read and website Rosemary,,, I love K & Co., and I do have lots of the other brands too,,, I was sad to see Wilton going into Bankrupsy but it is a holding company from what I read,,, is that the same thing??

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Rosemary



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PostSubject: Re: More sad news   Wed Jul 22, 2009 2:13 pm

If it were here I would have a complete answer, I don't know if it is the same in the US. Here it would follow that all the companies would go unless buyers were found for the individual branches. That would normally happen following and Administrator being appointed. It looks as if someone else has instigated this though, it isn't voluntary.

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Ms-Smiles



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PostSubject: Re: More sad news   Fri Jul 24, 2009 7:51 pm

So are you thinking Hostel take over?? I never know what that sorta stuff means,,, LOL I am so wishful thing that it won't go... Sad I love all sorts of stuff from the various companies... oyy!

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