Word: bankrupting
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Dates: during 2000-2009
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...have arrived at a better time. With the reigns of Andre Agassi and Sampras drawing to a close--and colorful Europeans as plentiful as empty ashtrays in Paris cafes--there is a big void at the top of the sport. Worse, a vital ATP Tour marketing partner, ISL, went bankrupt last year, leaving men's tennis with a financial shortfall. The tour needs marquee players who can lure big sponsors back to the game...
...first time, it's airing not in the winter or spring but directly against the major broadcast networks' heavily promoted fall debuts. But it couldn't have picked a more auspicious year to do so; this fall's slate of new programs is the most uninspired, creatively bankrupt set of debuts in several years. There are the shameless knockoffs, like CSI: Miami, a less imaginative product extension than Vanilla Coke. There are the retreads, like the WB's remake of Family Affair, with kids so saccharinely cute and a laugh track so obtrusive that the new series really could have...
...Borer, a lawyer by training, is putting his talents to use in his new career as a Berlin-based investment banker and lobbyist. Swiss, the national airline that replaced the bankrupt Swissair, has just hired him as a consultant in a bid to revamp its image. An interesting choice, considering all that Borer has personally done to shake up his country's staid reputation...
...their successes, the partners of TPG have had their share of flops. They bought several confectionary businesses, including part of Kraft Foods' candy division for which they paid $200 million in 1995. The candy investment was bankrupt by 1999 because they failed to anticipate a flood of cheap competing products from Mexico. Their attempt to turn catalog clothier J. Crew into a bricks-and-mortar retailer resulted in an identity crisis that has alienated loyal customers...
...only deal in the works. While public attention naturally attached to the US Airways transaction, Texas Pacific was quietly closing a deal 10 times larger: a $2.26 billion cash buyout of Burger King from Diageo, based in London. Bonderman and his partners are also finalizing the purchase of bankrupt Swissair's catering subsidiary, Gate Gourmet, No. 2 in the world with $2 billion in annual sales...