Originally Posted by
LTCTerry
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.
Leases in themselves can have a value depending on the location.