GoFuckYourself.com - Adult Webmaster Forum

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)
-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   Atkins Inc is bankrupt -- long live the potato (https://gfy.com/showthread.php?t=499239)

CDSmith 08-02-2005 02:12 PM
Atkins Inc is bankrupt -- long live the potato
 
http://www.winnipegsun.com/News/Mani...56268-sun.html

Quote:
One of the leading low-carb companies -- Atkins Nutritionals Inc. -- filed for bankruptcy court protection on Sunday, a company spokesperson said.

Atkins had been hurt by waning popularity of its namesake diet, which focuses on eliminating carbohydrates such as bread, potatoes and pasta to shed weight.

A hearing on the prearranged, Chapter 11 filing was scheduled for yesterday in U.S. Bankruptcy Court, spokesman Richard Rothstein said. The privately held company, founded in 1989 by Dr. Robert Atkins, said it had reached an agreement with the majority of its lenders to give them equity in exchange for lowered debt.

Atkins owes $300 million US in outstanding principal and interest, Rothstein said.
The spud = no longer po-tate-owned :D

So long Fatkins. I for one won't miss it. A more evenly-balanced diet and excersise is and always will be far superior to any and all fad diets. Argue all you want, it is fact.

JFK 08-02-2005 02:17 PM
How in hell can they get into 300 Mill in debt ?? Perhaps its time to trim some corporate fat :winkwink:

pawsregd 08-02-2005 02:45 PM
Nice, now that they bankrupted KrispyKream

galleryseek 08-02-2005 02:47 PM
bahaha... OWNED.

StuartD 08-02-2005 02:51 PM
wasn't he a fat guy with heart problems?

bdld 08-02-2005 02:55 PM
i knew it would come and go, they all do

hottoddy 08-02-2005 02:58 PM
Easy tigers. It's just a reorganization. They went way overboard with too many faux low-carb products (which suck). Who wants a $15 low carb cheesecake that still has 25 carbs a slice? They should just stick to the bars.

After Shock Media 08-02-2005 03:02 PM
Quote:
Originally Posted by hottoddy
Easy tigers. It's just a reorganization. They went way overboard with too many faux low-carb products (which suck). Who wants a $15 low carb cheesecake that still has 25 carbs a slice? They should just stick to the bars.
Actually they should of stayed out of premade food all together and just whored out their name to other companies for a license fee. End up placing all the risk on those other companies and you get paid for everything that sells.

mardigras 08-02-2005 03:16 PM
Quote:
Originally Posted by CDSmith
The spud = no longer po-tate-owned :D
http://holyrolypoly.com/images/potatoes.gif
:upsidedow

DutchTeenCash 08-02-2005 03:18 PM
300 damn some ppl do crazy things

Elli 08-02-2005 03:20 PM
They got their logo on some restaurant menus, too.

VeriSexy 08-02-2005 03:59 PM
Quote:
Originally Posted by mardigras

:1orglaugh :1orglaugh :1orglaugh

CDSmith 08-02-2005 05:11 PM
Quote:
Originally Posted by hottoddy
Easy tigers. It's just a reorganization. They went way overboard with too many faux low-carb products (which suck). Who wants a $15 low carb cheesecake that still has 25 carbs a slice? They should just stick to the bars.
Just a reorganization? Try reading the Financial Post some time, I did about an hour ago. The more in-depth story there says that Atkins is actually $325 million in debt, has existing assets worth $300 million, and filed for chapter 11 on Sunday.

If that's what you want to call it, then "reorganization" it is :D

woj 08-02-2005 05:12 PM
never bought into that crap, pretty much all the diets are worth shit...

digifan 08-02-2005 05:16 PM
And it wasn't healthy at all...

xNetworx 08-02-2005 05:17 PM
Quote:
Originally Posted by mardigras
:1orglaugh :1orglaugh

Furious_Female 08-02-2005 05:17 PM
Read this yesterday... viva la cornbread

PS. This trend did irreversible damage to cookie monster too :mad:


All times are GMT -7. The time now is 09:25 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
©2000-, AI Media Network Inc123