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-   -   Recaro files for Bankruptcy (https://forums.maxperformanceinc.com/forums/showthread.php?t=875223)

napster 07-31-2024 09:53 AM

Recaro files for Bankruptcy
 
https://www.motortrend.com/news/reca...m_campaign=HRN

camerjeff 08-03-2024 11:19 AM

Sad but not surprising, I am sure the "Investment" group walked away with a nice profit.

burd 08-03-2024 12:20 PM

Company folded because the seats wouldn’t.

Dave R 08-03-2024 02:35 PM

Quote:

Originally Posted by camerjeff (Post 6518464)
Sad but not surprising, I am sure the "Investment" group walked away with a nice profit.

Yep, so many good companies wrecked by investment firms that are there simply to suck the life out of it and move on. Bonus points for them if they get the employees pension fund. Predatory capitalism at its finest. This happened to my father-in-law’s company so seen it first hand.

nUcLeArEnVoY 08-03-2024 04:18 PM

Reputable, totally viable companies ruined by penny-shilling, morally bankrupt investment firms? Geez, never happens...


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