Entertainment Promotions Moves Foward with New Owner
It’s
s of
s official. There’ll be another chapter for Entertainment Promotions, the maker of the coupon book that filed for bankruptcy in March.
The interesting twist is that Entertainment Promotions will be back with the family who founded it 50 years ago. The company announced this week that it had been acquired by HSP-EPI Acquisitions, LLC, a group led by Lowell Potiker, the son of company founders Hughes and Sheila Potiker.
Entertainment Promotions also said it will release its 2014 Entertainment Books on schedule. It intends to rehire the majority of its workforce within the next few weeks.
Last month, the company announced it had filed for Chapter 7 bankruptcy, which typically means liquidation of assets to pay off creditors. It then announced the court had approved a plan for it to resume operations and bids would be accepted to purchase the company in April.
The interesting twist is that Entertainment Promotions will be back with the family who founded it 50 years ago. The company announced this week that it had been acquired by HSP-EPI Acquisitions, LLC, a group led by Lowell Potiker, the son of company founders Hughes and Sheila Potiker.
Entertainment Promotions also said it will release its 2014 Entertainment Books on schedule. It intends to rehire the majority of its workforce within the next few weeks.
Last month, the company announced it had filed for Chapter 7 bankruptcy, which typically means liquidation of assets to pay off creditors. It then announced the court had approved a plan for it to resume operations and bids would be accepted to purchase the company in April.
