jonlucc
Joined 14 years ago
Joined 14 years ago
Also, and I know it isn't incredibly rare, but it stuck out to me, the store was owned by corporate before it was sold to the then-manager (who is now suing corporate) for $65k, despite saying that it costs upward of $200k to start a franchise. I couldn't make the numbers make sense, personally. Why would they sell a corporate store for 1/3 of the value?
Even if the consignment was undone, they don't get to just keep the collection. The agreement can almost certainly be terminated, but the collection would then be returned to Mansell.
Now as for the previous question of who was at the pointy end of those default judgments, I haven't been able to find that answer. I assume they should have named the local franchise as an entity and it's owners individually. Closing the store to avoid paying is arguably a fraudulent transfer of assets, but that would need to be taken to court in an enforcement action.