[Asshole business owner]For a company to actually go into receivership, someone hasn't been paying attention to the books very well. Its not like this sort of thing happens overnight, and it is always the result of bad decisions at the top. You can blame the economy all you want, but the harsh reality is that sometimes someone has to make hard decisions - i.e. layoffs - R[HTML_REMOVED]D cutbacks - sponsorship cutbacks etc. I don't know the whole story, but if they've been in receivership for some time and the best way forward that the receiver sees is liquidation (which is generally the LAST option as it is usually the least profitable)someone dropped the ball big time.[/Asshole business owner]
dude, that's weak. if you actually are a business owner (which it sounds like you are) you should be able to reconcile the pressures that a company like Raceface must deal with. As mentioned in the article: costs of north american volume manufacturing, overall recession impacting luxury goods, oem sales and how some big players are spec'ing their own stuff, the strong canadian dollar, etc. Not to mention the R[HTML_REMOVED]D we consumers demand for "fresh product" every season.