Petcetra Bankrupt!!

[Ephraim]

Originally Posted by zoaElite

Great, all we need now is 40 PetCetera locations owned by Hagen . Add insult to injury why don't ya?
Levi

You hit the nail on the head, that is the exact rumor that I am hearing right now. They are in deep with hagen for 1.95 mil.

[DBM]

Originally Posted by Ephraim

You hit the nail on the head, that is the exact rumor that I am hearing right now. They are in deep with hagen for 1.95 mil.

Can't see Hagen picking them up. Hagen knows how to run a business, why pick up a company that can't come even close to turning a profit, and is so poorly structured?

[Zoaelite]

Originally Posted by DBM

Can't see Hagen picking them up. Hagen knows how to run a business, why pick up a company that can't come even close to turning a profit, and is so poorly structured?

You would be suprised, Hagen owns a STUPID amount of Petcetera already through shares in the company. Appx 80% of the product they sell in there locations is Hagen (From Nutrience to ExoTerra). A complete take over would have Hagen taking a retail step into the pet buisness, this should be fun to watch.
Levi

[digital-audiophile]

I was in this morning. Basically everything is just 20% with a few higher discounts here and there. Got some food and litter for the kitty.. we also picked up a bigger bird cage.. they were 50% off so not a bad deal.