Cork & Olive Wine Franchisor Folds; Franchisees Scramble to Survive
June 4, 2008 by Sean Kelly
Filed under Business
(FranchisePick.Com) Michael Probst, franchisor of the Cork & Olive wine shop franchise chain, has shuttered his eight company stores, closed the corporate headquarters and laid off 40 employees.
The nine Cork & Olive franchise owners had an emergency meeting this past Wednesday to figure out how they can survive the demise of their cash-strapped franchisor. The Orlando franchise owner has only been open for a week; other owners in Florida were preparing to open their stores when they got the news.
Read about the franchise problems at UnhappyFranchisee.Com
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Photo credit: shane9218 Licensed under Creative Commons license
I doubt anything came from the meeting on Wednesday- there is NO hope for Michael. He better find a big boyfriend in prison- Don’t drop the soap Michael.
He better find a big boyfriend in prison
Hmmm… At least those cork & olives will come in handy…
I was right… a fly on the wall perhaps? Chapter 11 Michael. Your book is finished. Your in your 60’s… die already old man.
MJ,
Sixty isn’t that old. Mean people live forever…. But that would be a blessing if he were in jail.