Re:TechShop shuts down all U.S. locations, declares bankruptcy
by dehrmann on Friday November 17, 2017 @01:11AM
(#15719431)
Except for opening the new location, a lot of this is typical of bankruptcies.
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Re:TechShop shuts down all U.S. locations, declares bankruptcy
by londons_explore on Sunday November 19, 2017 @11:06AM
(#15734413)
Opening a new location is sometimes a last ditch effort to save a company.
With a new location, you get new staff who don't need paying till month end, new things to say to investors when looking for money, new opportunities to get the public to "sign up for a years membership in advance" to both help cashflow and make revenue look better to investors, etc.