Re: Michigan Bulb Co
- Subject: Re: Michigan Bulb Co
- From: A*@aol.com
- Date: Tue, 10 Jul 2001 15:04:00 EDT
In a message dated 7/10/01 9:47:49 AM, Duncan.McAlpine@PSS.Boeing.com writes:
<< * Michigan Bulb Co., one of the nation's best-known gardening mail-
order firms, has closed, putting 225 employees out of work. The
company is owned by Foster & Gallagher Inc. In a letter to Michigan
Bulb employees, Foster & Gallagher vice chairman Robert Pellegrino
said the company "simply ran out of money and the banks to whom we
were indebted said they could no longer support our continuing
operations.
>>
It seems that the same company which owned MBC owned Henry Fields and a few
others. I think I read an article in USA Today or somewhere about the company
filing for bankruptcy.
It doesn't take much to understand why MBC ran out of money.
Al Krismer
Cincinnati
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