Word: buyer
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Dates: during 2000-2009
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...burdened its debt load. "What's hurting them more than anything is that they've got lots of debt on their balance sheet," says Betty Chen, a retail analyst at Wedbush Morgan Securities. Talbots has shuttered its men's, kids and U.K. businesses, and is shopping for a buyer for J. Jill. Good luck finding one in today's market. Earlier this month, investors received some encouragement when the company secured a $150 million credit line from three Japanese banks. In 2008 Talbots also secured a $50 million credit facility from Aeon (U.S.A.) Inc., a wholly owned subsidiary of Japan...
...internet, in all its democratizing, transparent, instantly gratifying glory, is fundamentally changing the rules of business. Bloggers are usurping the role of the media élite; eBay and Amazon are forever altering the relationship between buyer and seller; a single disgruntled customer with a website can ruin a company's reputation. Google, which now handles some 70% of U.S. Internet searches and has become one of the world's most trusted brands, sits at the nexus of these changes. If beleaguered captains of industry hope to survive in the Internet age, Jarvis argues, it's worth considering what Google might...
...bankrupt in November, will soon be sold. An Israeli firm, Soglowek Nahariya Ltd., made a $40 million offer this month to buy Agriprocessors and a smaller subsidiary plant in Nebraska. "A sale is likely," says Joseph Sarachek, a court-appointed trustee temporarily overseeing Agriprocessors' operations. "This is a real buyer." But he adds that the offer is the opening bid in what will probably be a March auction for the plant, which was once the nation's largest kosher meat producer and once Postville's major employer, with 968 workers. He predicts it will be a few months before...
Some former Agriprocessors workers like Lopez hope to remain and work legally, although they long to be reunited with relatives sent back to their native lands. Many townspeople hope a responsible buyer will revive the plant. "We'd like to see somebody who buys it and makes it an honest business," says Radloff...
...outward-oriented growth model won't be easy. Though consumer spending has remained healthy - retail sales grew 19% in the fourth quarter - economists don't think the average Chinese has a big enough wallet to make up for weak demand overseas. "The reliance on the U.S. consumer as the buyer of last resort is going to have to change," says Michael Buchanan, chief Asia economist at Goldman Sachs in Hong Kong. He says "China has a long way to go in adjusting" to this fundamental change in the world economy...