I
suggest that you read the “blog publisher’s comments” section, which appears at
the end of this post, before you read the top sections in this post.
suggest that you read the “blog publisher’s comments” section, which appears at
the end of this post, before you read the top sections in this post.
As previously reported in a different post on this blog,
this (following) comment was made by a person, who, until Friday last week,
worked for SP USA:
this (following) comment was made by a person, who, until Friday last week,
worked for SP USA:
“I was
laid-off from SPUSA when they closed their doors. I just came across your
article on the recent changes with SP. About 2-weeks ago, GM gathered
Woburn employees for a meeting.
Supposedly, this was a “good” thing that SP-USA and SP-UK had
separated from SP–Spain.”
laid-off from SPUSA when they closed their doors. I just came across your
article on the recent changes with SP. About 2-weeks ago, GM gathered
Woburn employees for a meeting.
Supposedly, this was a “good” thing that SP-USA and SP-UK had
separated from SP–Spain.”
This afternoon, I received an e-mail from one of my
European associates, and, in that e-mail, he said:
European associates, and, in that e-mail, he said:
“Gossip in
Germany is that SPS in Germany, called www.Köebcke.de, today might have filed for insolvency (in US that’s a Chapter 11) but again I cannot prove if it
is correct.”
Germany is that SPS in Germany, called www.Köebcke.de, today might have filed for insolvency (in US that’s a Chapter 11) but again I cannot prove if it
is correct.”
“If you go into Allkopi
homepage: http://www.allkopi.no/om-allkopi/, you will find text, in Norweigan, that says, “I dag er Allkopi eid av et
holdingselskap med base i England“.
Translated to English, that says, “Today Allkopi is owned by a
holding company based in England.’”
homepage: http://www.allkopi.no/om-allkopi/, you will find text, in Norweigan, that says, “I dag er Allkopi eid av et
holdingselskap med base i England“.
Translated to English, that says, “Today Allkopi is owned by a
holding company based in England.’”
Lastly, I received an e-mail from another European
associate, this afternoon, that, in part, said this:
associate, this afternoon, that, in part, said this:
“These are shocking news to me! I
heard last week about the Banks seizing the operations (they had as guarantees),
which already was bad news. But, from there to shutting down! I cannot believe
it. Are you sure?
heard last week about the Banks seizing the operations (they had as guarantees),
which already was bad news. But, from there to shutting down! I cannot believe
it. Are you sure?
Why would anybody shut down if they
tried to (could try to) recover some of their money?
tried to (could try to) recover some of their money?
I´ll let you know if I hear
something. Anyway it is really a very
sad story. I am particularly bothered by (what’s happened to) the employees and
customers. It was a fine Company, and this should not have happened.”
something. Anyway it is really a very
sad story. I am particularly bothered by (what’s happened to) the employees and
customers. It was a fine Company, and this should not have happened.”
Blog Publisher’s comments:
Okay, at
this point in time, I really have no idea what’s actually going on, “corporate-wise”.
this point in time, I really have no idea what’s actually going on, “corporate-wise”.
To the best
of my knowledge – this, before any of the recent events occurred – Service
Point Solutions, a Spain-based holding company, was the “parent company” of
several “wholly-owned” subsidiaries. (For
example, SP USA, Inc. was wholly-owned by the Spain-based parent company, and
SP UK was wholly-owned by the Spain-based parent. Etc, etc.) This may still be the case.
of my knowledge – this, before any of the recent events occurred – Service
Point Solutions, a Spain-based holding company, was the “parent company” of
several “wholly-owned” subsidiaries. (For
example, SP USA, Inc. was wholly-owned by the Spain-based parent company, and
SP UK was wholly-owned by the Spain-based parent. Etc, etc.) This may still be the case.
Given what I
heard today, it may be that
there have been changes, corporate-wise
and corporate-wide. It could be that SP’s lenders have
taken control of the company and its subsidiaries and are in the process of
making – and implementing – changes. If SP USA was separated from its Spain-based parent, then when did that take
place, and, if that did take place, who now owns SP USA? If Allkopi, SP’s
Swedish operating subsidiary, is now owned by a holding company based in the UK
instead of by SP Spain, that would be a change, and, if that did happen, who
now owns the UK based holding company? Did
SP’s lenders seize assets? Did SP’s
lenders take control of the collateral that was pledged to secure SP’s
debts? What’s going on with SP’s
European, UK, and Scandanavian businesses – are they going to continue in
operation, or, are one or more of them going to shut down like SP USA did? Who’s calling the shots?
heard today, it may be that
there have been changes, corporate-wise
and corporate-wide. It could be that SP’s lenders have
taken control of the company and its subsidiaries and are in the process of
making – and implementing – changes. If SP USA was separated from its Spain-based parent, then when did that take
place, and, if that did take place, who now owns SP USA? If Allkopi, SP’s
Swedish operating subsidiary, is now owned by a holding company based in the UK
instead of by SP Spain, that would be a change, and, if that did happen, who
now owns the UK based holding company? Did
SP’s lenders seize assets? Did SP’s
lenders take control of the collateral that was pledged to secure SP’s
debts? What’s going on with SP’s
European, UK, and Scandanavian businesses – are they going to continue in
operation, or, are one or more of them going to shut down like SP USA did? Who’s calling the shots?
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We encourage
SP’s CEO, Chairman of the Board, or both, to prepare and release a statement
that will provide insight into what’s going on!
SP’s CEO, Chairman of the Board, or both, to prepare and release a statement
that will provide insight into what’s going on!
Reprographics 101 
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