Eric Weston

Eric Weston struggles to his garden supply business alive. Revenues are slightly from last year, but the gains are in a bad economic situation as he tries to integrate an expensive recent acquisition. The deal he struck with the old owner of a limited number of its options and the banker has the loan turned over to the training division. He feels that his suppliers willing to work with him and his staff are dependent on it for their livelihood are. On the banks request a consult outside … Read more »

Eric Weston struggles to his garden supply business alive. Revenues are slightly from last year, but the gains are in a bad economic situation as he tries to integrate an expensive recent acquisition. The deal he struck with the old owner of a limited number of its options and the banker has the loan turned over to the training division. He feels that his suppliers willing to work with him and his staff are dependent on it for their livelihood are. On the banks request, an external consultant was brought in to give their recommendations. He has personal guarantees of bank, credit card payments are made to the old owners to come due and Weston is confronted with some unexpected expenses. The company’s cash situation is very tight, and he is forced to evaluate the liquidation value of the company as to take measures to avoid otherwise keeps in his dream to have his own business. The case is a rewritten version of an earlier case 899-212, updating the data, and financial data to 2012 time frame.
From bankruptcy or keep the doors open, Eric Weston evaluated its survival in the retail garden supply business, which he has owned for seven years.
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from
Michael J. Roberts,
James M. Sharpe
Source: Harvard Business School
20 pages.
Release date: 30 July 2012. Prod #: 813 045 PDF-ENG
Eric Weston HBR case solution