Thread regarding Follett layoffs

FHEG future doesn't look great?

I can only guess what will happen next with FHEG and I wouldn't dare say that the future looks great.

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Post ID: @OP+1cCWgrrh

6 replies (most recent on top)

College book stores are a dying business.

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Post ID: @fgnk+1cCWgrrh

When Barnes College went up for sale there were multiple bidders interested. We’ll find a buyer.

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Post ID: @1dnq+1cCWgrrh

I truly believe that people are delusional that it's going to be businesses normal. They're going to come one day and there's going to be padlocks on the door. Total cease and desist of the entire operation. Can't expect much in the future if you can't even produce in the present.

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Post ID: @1uyw+1cCWgrrh

Bankruptcy - reorganization to shed debt - pay back creditors pennies on the dollar.
Current state no one would buy it.
So sad. So many bad mistakes.
5th generation failure for a family owned business.

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Post ID: @1ixq+1cCWgrrh

Duh, it is on the sales block waiting for a buyer. Unfortunately FHEG is an unprofitable dump and will be difficult to find a buyer. Follett family wants out. They missed the dividend for the past 1.5 years and realized that they either sell Follett or get a job to support themselves.

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Post ID: @1dln+1cCWgrrh

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