The weird thing about such announcements ...

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timo Veteran Member • Posts: 5,601
The weird thing about such announcements ...
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Companies do announce from time to time that this division or that is not making money and is going to be offered for sale.

The immediate effect of such announcements is to

  • generate speculation, most of it pessimistic, on forums such as this one;
  • destroy the customer base;
  • demotivate the distributors and retailers, whose only priority will be to get rid of stock as quickly as possible and certain not order in anything new;
  • put all the employees, who are probably already quite depressed, into a panic and into job-hunting mode;
  • trash the brand;
  • dissipate the company's institutional knowledge and memory - this destruction of culture is one of the most important effects.

In the end there is nothing to sell. Why do they do it this way?

What proportion of corporate 'turnarounds' by venture capitalists actually work, other than to line the pockets of what are, in many instances, no more than asset strippers?

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Tim
'If I were you, I wouldn't start from here ... '
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