Reply to post: Re: Killed by operators, yes, but was private equity to blame too?

Re: Killed by operators, yes, but was private equity to blame too?

Any company would go bankrupt if they didn't have a product to sell. Phones 4U did still have a load of money in the bank, but without a product to sell, the directors were legally obliged to act in the best interests of the creditors and not waste money on overheads with no sales to cover them.