10
Jul
Brand name companies go bankrupt – Six Flags waves the white flag 3 – CNNMoney.com
Author: Daniel / Category: International Real EstateThe economy has been quite the thrill ride for Six Flags. The New York City-based amusement-park operator went belly-up in June, unable to spin off $2.4 billion in debt — even on the Tilt-A-Whirl.
But never fear: The chain’s 20 parks, which stretch from Montreal to Mexico City, will remain open. The Chapter 11 filing is “strictly a financial restructuring” of the company’s debt, said President and CEO Mark Shapiro in a statement.
via Brand name companies go bankrupt – Six Flags waves the white flag 3 – CNNMoney.com.
