Respuesta: Hilo de Deep Discount (Rebajas de Otoño)
Bueno, ya sabemos a qué vienen esos mostruosos retrasos y el motivo de que las rebajas sólo se aplicaran a productos en stock:
O.C. wholesaler buys CD, DVD seller
November 11th, 2010, 11:30 am · 1 Comment · posted by Jan Norman, small-business columnist
Super D, an Irvine-based music and video wholesaler, has bought the assets of financially troubled
Infinity Resources in Illinois.
Infinity is best known for its catalogs — Collectors’ Choice Music and Critics’ Choice Video — and DeepDiscount.com.
Super D has annual revenues of about $150 million and 200 employees. Infinity grosses about $80 million and has 280 employees including 90 in a call center, said Super D President Jeff Walker.
Although the exact terms of the deal were not disclosed, Walker said Super D assumed Infinity’s financial liabilities including approximately $11 million in accounts payable. The transaction was financed by PNC Bank in Pasadena with an expansion of Super D’s asset-based line of credit and a 24-month term loan. The monthly payment is $200,000 and Walker said he is confident Super D can pay the loan off early.
Super D, founded as an independent music store CD Listening Bar in 1990, has more than 340,000 titles of CDs, vinyl, DVDs and video games in stock from 32 countries. The company distributes to 1,500 independent music retailers, chain stores and e-commerce web sites and direct to consumers.
“We are moving our business toward direct-to-consumer sales rather than retailers because there are fewer stores with less selection,” Walker said. “We’re also moving more into DVDs and a good portion of Infinity is in DVDs.”
Super D and Infinity officials had talked briefly about an acquisition in January, Walker said, but the first serious conversation was in October and the deal closed within four weeks.
“They were in a dire situation,” he said. “They had overbuild their facilities and didn’t manage as tight as we do. Then they fell behind in payables to vendors, and their bank tightened available capital.”