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Former Retail Shining Star Vann’s Declares Bankruptcy

August 15, 2012 by Ted Leave a Comment

Vann's LogoBased in Missoula, Montana, Vann’s Inc. has been a shining star of the retail business – for years a hearty player in a rugged part of the country where only the strong survive. Founded in 1961 by Pete Vann, the company has steadily grown over the years – adding locations, diversifying retail formats, and even expanding into online sales. But signs of stress began to emerge this year with the company closing one location in February, then replacing long-time CEO George Manlove in June with a CEO from outside the company, losing the support of a key lender in July, and finally declaring bankruptcy just a little over one week ago.

How did this all happen?…. [Read more…] about Former Retail Shining Star Vann’s Declares Bankruptcy

Filed Under: Economic Trends, Industry Trends, Law, News, Pivot Point, Retailers, Specialty, Strategy Tagged With: BigSkyCountry.com, Denon, GE Capital Solutions, GE Commercial Distribution, George Manlove, Jerry McConnell, Klipsch, Marantz, ON Store, Onkyo, Pete Vann, PRO Group, Vann's, Velodyne, Yamaha

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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