Burpee - Chapter 11
- Subject: Burpee - Chapter 11
- From: M* D* G*
- Date: Tue, 9 Oct 2001 06:40:33 -0700
George Ball, president and CEO of W. Atlee Burpee, recently told The
Associated Press, on the occasion of the seed companys 125th
anniversary, that he is always working on the next big thing. The next
big thing for Burpee is how it will work its way out of Chapter 11
bankruptcy, which it filed for on Sept. 21 in Philadelphia. Ball told the
Philadelphia Inquirer that the companys finances had come under
pressure from several poor-performing acquisitions. The 4 retail stores
the company opened in 1999 closed last spring. The companys
bankruptcy filing listed PNC Financial Services Group as the largest
creditor with $16.6 million owed.
Duncan
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