No government bailout for Al Boscov. He'll try to return his business to profitability the old fashioned way: Declaring bankruptcy and restructuring.
Money Q:
“What got us in trouble was an opportunity,” Boscov said.
The company bought up too much too fast, he explained.
He admits a business mistake and is trying to work his way back from it. Good luck to him and all his employees.
No comments:
Post a Comment