Walkerswood in trouble

[Islandman]

This is unfortunate, I like thier products. Hope they find a way to save the company.

http://www.jamaicagleaner.com/gleane...business1.html

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Walkerswood in trouble - Ian Garbutt leading US$8m rescue
Published: Friday | January 9, 2009



A consortium of Jamaican firms, led by Ian Garbutt's Associated Manufacturers, is offering to pay creditors of Walkerswood 25 cents on the dollar on its more than J$1 billion debt, under a court-approved scheme which, if accepted, could save the manufacturer of spices and condiments from utter collapse.

If

[Bricktop]

If I were a creditor I would put a lien on their 3 year old modern manufacturing plant. That's just me though

[Karl]

...again!

This is unfortunate, I like thier products. Hope they find a way to save the company.

http://www.jamaicagleaner.com/gleane...business1.html

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Walkerswood in trouble - Ian Garbutt leading US$8m rescue
Published: Friday | January 9, 2009



A consortium of Jamaican firms, led by Ian Garbutt's Associated Manufacturers, is offering to pay creditors of Walkerswood 25 cents on the dollar on its more than J$1 billion debt, under a court-approved scheme which, if accepted, could save the manufacturer of spices and condiments from utter collapse.

If

Yes, Iyah!

[Rockman]

Not a bad deal for the creditors, debts are routinely sold for far less than 25%, the 75% is probably an inflated profit.
The IMF will sell Jamaica's debt for 10%.



Blessed

[Peter R]

It's a shame...because they make probably the best commercially blended jerk seasoning...sounds like mismanagement on somebody's part as the products sell (sold?) well in North America and in T&T. I noticed that it was absent from the shelves down here in T&T and my corner grocer said they couldn't locate the distributor...
Believe it or not I was about to call them in JA to find out what was going on....I hope they can sort it out.