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Diced and sliced.
- Source :
- Forbes; 10/2/1989, Vol. 144 Issue 7, p68-72, 5p
- Publication Year :
- 1989
-
Abstract
- The article focuses on the bankruptcy of Cuisinarts Inc. The company's filing for Chapter 11 in August 1989 listed debts of $43 million and assets of less than $35 million, mostly in inventory. Complacency and high leverage share the blame for the failure of the company. Revenues of the company have dropped from around $80 million in 1979 to an estimated $50 million 1989. Cuisinarts' market share dropped steadily from 20 percent in 1984 to 12 percent in 1989.
- Subjects :
- BANKRUPTCY
BUSINESS failures
CORPORATE debt
INVENTORIES
MARKET share
Subjects
Details
- Language :
- English
- ISSN :
- 00156914
- Volume :
- 144
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- Forbes
- Publication Type :
- Periodical
- Accession number :
- 8910230400