Oriental Trading Exits Bankruptcy


Last summer, Oriental Trading Co. filed for bankruptcy. After only 6 months, the company has emerged from bankruptcy protection as a smaller but more robust company. Its CEO, Sam Taylor is confident the company will grow profitably as the economy improves.

But back in the fall of 2008, the picture was not so rosy. Oriental had debts amounting to $720 million, which was largely due to the $1 billion cost of acquisition of the company by Carlyle Group of New York City in 2006. As time went on, the prices of supplies like imported goods, paper and postage went spiraling upwards. Consumers began tightening their belts and discretionary spending all but dried up.

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