Inside Adrenalina (update story) 0
Answering my question about what Adrenalina is up to, Transworld looked into the companies finances and found some interesting things.
It seems that Adrenalina’s bids for 49 West and PacSun are all in an effort to shore up their balance sheets. The Transworld peice estimates that Adrenalina has $3 million in assets and $5.1 million in liabilities. Seems like they have a bit of a problem on their hands in the wake of a economic downturn, but hopefully the CEO Mr. Ilia Lekach can turn things around.
story via: business.transworld.net
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