[Grizzly]

<p><a href="http://www.cbc.ca/canada/calgary/story/2010/10/21/calgary-bernard-callebaut-chocolates-receivership.html" target="_blank">Bernard Callebaut goes under</a></p>
<p> </p>
<p>Victim of a bad business decision to buy land just before the start of that little "market correction" we've all been through.  He vows he'll be making chocolate again.  We can only hope.</p>

 

[torque]

<p>Callipy will be heart broken.</p>

 

[Mrtambalynman]

<p>Nooooooooooooooooo!  Nooooooooooooooooooo!  Nooooooooooooooooooooo!  <img alt="" src="http://files.kickrunners.com/smilies/sad2.gif" style="width:16px;height:16px;" title=""></p>

 

[GaReb770]

<p>This is a trajedy.  Like many businesses, Callebaut simply expanded too fast and at the wrong time.  He probably can make a comeback on a much smaller scale since he knows the industry so well and has had success in the past.</p>
<p> </p>
<p>Just a sign of the unfortunate times we are in.  I have my suspicions many more such businesses will go under and/or change dramatically before these economic times see brighter and bluer skies.</p>

 

[Grizzly]

<p>I think you're right on that score Reb.  He did grow too big too fast and while he had a great product it really isn't an essential and during a recession his revenue dipped and he couldn't cover the costs of the expansion. </p>
<p> </p>
<p>I wonder though at the whole receivership game, he had people willing to back him to purchase back the company, and I think could have recovered shareholder value.  He will return and likely be a tad slower on the re-build, but once burned, twice shy.</p>

 

[Mrtambalynman]

<p><br>
We used to buy his baking chocolate out of the bulk bins at Save-on-Foods for eating because we couldn't really afford his bars and the bulk stuff was damn good too. <br>
 </p>
<div class="quote-container"><span>Quote:</span>
<div class="quote-block">Originally Posted by <strong>Grizzly</strong> <a href="/forum/thread/70775/a-sad-day-for-lovers-of-chocolate#post_1956374"><img alt="View Post" class="inlineimg" src="/img/forum/go_quote.gif" style="border-right:0px solid;border-top:0px solid;border-left:0px solid;border-bottom:0px solid;"></a><br><br><p>I think you're right on that score Reb.  He did grow too big too fast and while he had a great product it really isn't an essential and during a recession his revenue dipped and he couldn't cover the costs of the expansion. </p>
<p> </p>
<p>I wonder though at the whole receivership game, he had people willing to back him to purchase back the company, and I think could have recovered shareholder value.  He will return and likely be a tad slower on the re-build, but once burned, twice shy.</p>
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[willrun4chocolate]

<p>I have no words to express my sorrow at this.</p>
<p> </p>
<p>Will there be a sale on at our local store?</p>

 

[Grizzly]

<p>They are liquidating the assets, so I imagine so.</p>

 

[Mrtambalynman]

<p><br><br>
FONDUE! </p>
<p> </p>
<p> </p>
<div class="quote-container"><span>Quote:</span>
<div class="quote-block">Originally Posted by <strong>Grizzly</strong> <a href="/forum/thread/70775/a-sad-day-for-lovers-of-chocolate#post_1956550"><img alt="View Post" class="inlineimg" src="/img/forum/go_quote.gif" style="border-bottom:0px solid;border-left:0px solid;border-top:0px solid;border-right:0px solid;"></a><br><br><p>They are liquidating the assets, so I imagine so.</p>
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