After 3 years of losses and under legal threats from their landlord, a husband and wife team are faced with shutting the company down, buying time with the landlord or turning to their parents for additional funds. Despite opening a new location and seeing that sales were up from last year, their financial statements were still reporting losses forcing them to consider what steps to take to turn children's retail clothing business around.
Keywords: entrepreneurship; entrepreneurs; entrepreneurial management; turnarounds; bankruptcy; bank loan; crisis management; family business; retail trade; financial crisis; financial analysis; Entrepreneurship; Insolvency and Bankruptcy; Retail Industry; United States;
Citation:
Stevenson, Howard H., and Jim Sharpe. "Dragonfly Corporation." Harvard Business School Case 813-042, July 2012. (Revised November 2012.) View Details
