M-III secured funding, came up with the dirt cheap Home & LIfe stores that didn't bleed millions a month, and miracle of miracles, secured vendors, creditors, and new product lines even with the reputation in tatters after Eddie defaulted on everyone after "guaranteeing" that they be fine and stiffed them anyway. There were plans to open up to 200 of them if I recall. Too bad he couldn't stick around and fix the disasters of Innovel and A&E as well as the long neglected commercial side of the business. Mr. Meghji worked miracles as the Chief Restructuring Officer in mere month. Then he handed the keys back to the Three Stooges, and it was reorient to the course that we were on prior to bankruptcy, and it only took weeks for the momentum to start nosediving right back to Earth at mach speed.
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@1wyd+15t0Fqed: Real Estate play - pure and simple.
Why? Why did Eddie buy it out of BK only to nothing with it?
irrelevant