Bankrupt Trade Secret to Sell Assets

Bankrupt Trade Secret to Sell Assets

There are 27 comments on the Women's Wear Daily story from Jul 14, 2010, titled Bankrupt Trade Secret to Sell Assets. In it, Women's Wear Daily reports that:

The plan is to sell Trade Secret to Regis as the so-called "stalking horse bidder" for $45 million.

Join the discussion below, or Read more at Women's Wear Daily.

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Since: Aug 10

Location hidden

#21 Feb 23, 2012
i have seen businesses like this fall to pieces and go completely bankrupt with no assets to sell because of this.

it starts with upper management and trickles down to the lowest.

one would think that a company that is experiencing so much turmoil would kiss the ground its employees walk on. people file civil suits every single day in america. just because they are a somewhat large entity (in the beauty industry) does not make them untouchable.

Pompano Beach, FL

#22 Nov 28, 2012
Stonewater in fort lauderdale is the next one to close they do not pay the rent yet, too bad that the wonderful bussines that Suzanne Morell create was destroyed it by Premier Salons.
Totally Agree

Toronto, Canada

#23 Dec 28, 2012
Pshhhh wrote:
I worked for trade for 4 years. I was a manger for 1 of those years. Back in october my salon closed. Regis had its flaws but premier is just brainless and crazy. Brian (big wig) as he likes to call himself is a brainless moron! His company is bankrupt because all the higher ups make thousands of dollars a month yet still make there way into our stores and take what ever there sticky fingers want!(its for so and so`s store...) I would hear a lot, yet so and so never got that box of stuff you took???? Yes theft is the reason they can't keep in business... I can name at least 10 people who they still have working for them that have stole thousands of dollars of stuff from then including area supervisors!!! Pshhh please Brian two words are you ready???? I'll say it nice and slow Inventory Control!!!!
HAHAHAHAHA, you are soooo right! Premier is a freaking joke and Brian is the joke of all!!!!
former employee

Minot, ND

#24 Jan 10, 2014
I used to work for a Trade Secret in the Midwest. The store told me I would get at least 40 hours a week so I would not need secondary employment. This was the case during the holiday season, but once those days were over, everyone not in management was cut down to about 10 hours. At less than 10 dollars an hour, one can not simply live off of anything less than 20 hours a week. Once I took on another job, other employees and management would not stop harassing me over making my other job my priority. So, I left and when I left they wanted me to sign termination paperwork without reading it first. I told them they had my written week notice and this would have to do. If they ask you to sign something without reading it or refuse to give you a copy of what you've signing, don't do it! That gives them license to say whatever they want without you having a means to defend yourself. It is also highly illegal. Hopefully karma comes back upon this deceitful company ten fold and they are no longer able to do business anywhere.

Detroit, MI

#25 Jan 12, 2014
I can't imagine anyone saying Regis "was the best company in the world" or "regis was an awesome company to work for". Regis sucks and will be out of business soon too!
Commercial property

North Vancouver, Canada

#26 Mar 12, 2014
Word is there's a million dollar fraud incident in the US and a financial institution has triggered Premier Salon's bankruptcy in March 2014. This rippled in Canada as others institutions are filing. Don't expect Premier Salons to be around


Since: Aug 10

Location hidden

#27 Mar 12, 2014
Commercial property wrote:
Word is there's a million dollar fraud incident in the US and a financial institution has triggered Premier Salon's bankruptcy in March 2014. This rippled in Canada as others institutions are filing. Don't expect Premier Salons to be around
Im suprised they have even lasted this long. It's about time someone or something put them out of business. If this rumor is true, it can't happen fast enough.

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