It may have missed your radar, but two North American business icons waved the financial white flag in the last three weeks.
Harry & David filed for bankruptcy, and the storied Los Angeles Dodgers baseball franchise was taken over by Major League baseball. The organizations are deeply in debt, and the path forward is tricky for both.
What happened?
In the case of Harry & David, that Medford, Oregon-based purveyor of fine fruits and friendly customer service, a large portion of the blame is being cast toward H & D’s owner, private equity firm Wasserstein & Co.… Read the rest