One has to wonder what the real reason(s) are behind the increasing bankruptcy occurances of, once upon a time, very successful businesses.
Bankruptcy can be a financial strategy to the benefit of owners/shareholders/etc.
There is no more mystery to what is required of a business to remain competitive today than 25 or more years ago.
Some times management/owners are incapable of anticipating threats to longevity.
Other time some just do not want to do so and milk the business for personal gain until they go under.
Classic? A&P in business for 156 years....then shut er down in 2015. Makes no sense other than that was the strategy.
All depends upon the direction dictated by the ownership......OR NOT!
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