Lancaster’s parent company, Meritt, has filed voluntary petition for Chapter 11 reorganization. As is the case with many of such petitions, when they are undertaken voluntarily by firms which have strong fundamental business metrics, the companies emerge with renewed vigor. Key points for us: Winning Brands is not owed any money The distributor is continuing …
May 19, 2011 archive
May 19
Frankfurt Follow-up
Further to my comments yesterday, I have spoken with two officials in Frankfurt and have received confirmation that nothing specific to Winning Brands has transpired, but rather that approximately 1,000 companies have been affected by administrative changes in the Open Market tier. We will continue to liaise with the appropriate parties as to what positive next …