Comments on: Our Jeweler on the Lam http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/ "Be the change you wish to see in the world." -- Mahatma Gandhi Fri, 21 Nov 2008 05:13:39 +0000 http://wordpress.org/?v=2.6.3 By: ddrucker http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10460 ddrucker Mon, 11 Feb 2008 16:42:45 +0000 http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10460 Thanks, Anne. Too bad Handas screwed up so badly. It's a cautionary tale about planning and what can happen if you don't take into account the worst scenarios. I'll miss the place. Yet another thing that has gone since I lived in Cambridge (along with Wordsworth books in Harvard Square and Goeman Noodles at One Kendall Square - actually, there were at least 2 restaurants after Goeman in that particular space, and who knows how many there have been since) Thanks, Anne. Too bad Handas screwed up so badly. It’s a cautionary tale about planning and what can happen if you don’t take into account the worst scenarios.

I’ll miss the place. Yet another thing that has gone since I lived in Cambridge (along with Wordsworth books in Harvard Square and Goeman Noodles at One Kendall Square - actually, there were at least 2 restaurants after Goeman in that particular space, and who knows how many there have been since)

]]> By: Anne http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10440 Anne Mon, 11 Feb 2008 04:54:42 +0000 http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10440 Going on the lam didn't lead to bankruptcy; they went bankrupt because the Handas overspent to expand their business, and couldn't make up for it in sales. They mortaged their house several times over to pay for everything, and owed every publication in town money for ads by mid-June 2007. It's a very straightforward and sad story. No threats, just an overabundance of optimism and some really poor forecasting. Going on the lam didn’t lead to bankruptcy; they went bankrupt because the Handas overspent to expand their business, and couldn’t make up for it in sales. They mortaged their house several times over to pay for everything, and owed every publication in town money for ads by mid-June 2007. It’s a very straightforward and sad story. No threats, just an overabundance of optimism and some really poor forecasting.

]]> By: Jan Karlsbjerg http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10354 Jan Karlsbjerg Thu, 07 Feb 2008 11:32:57 +0000 http://www.loudmurmurs.com/2008/02/06/our-jeweler-on-the-lamb/#comment-10354 Just glad you didn't have anything of yours at the store when they went on the lam. Just glad you didn’t have anything of yours at the store when they went on the lam.

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