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Old 9th Oct 2019, 17:28
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LTCTerry
 
Join Date: Dec 2011
Location: Augusta, Georgia, USA (back from Germany again)
Posts: 234
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Interesting

Interesting article. It mentioned an "undisclosed sum" for the purchase price. Also mentioned the need to negotiate with landlords. Made me wonder...

What is a bankrupt business worth if it's conducted in office space it doesn't own? Its only assets might be computers and furniture. With a name change, any "Thomas Cook goodwill" goes away. One could hire the ex-employees w/o buying the defunct business...

I don't have a dog in the fight, but just curious what makes business people tick. After 40 years in the business I'd think he'd want to sell, not expand.
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