• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
American Shipper

Veg-O-Matic maker’s finances sliced and diced, files Chapter 11

Veg-O-Matic makerÆs finances sliced and diced, files Chapter 11

Famed TV retailer Ronco Corp., which has shipped $1.4 billion worth of gadgets like the Veg-O-Matic and the Fishin' Magician over the past 50 years, has filed for Chapter 11 bankruptcy protection.

   The Simi Valley-based firm, founded by 72-year-old entrepreneur Ron Popeil, declared in the U.S. Bankruptcy Court filing Thursday that it has $32.7 million in debts and $13.9 million in assets.

   Popeil, who sold the company two years ago to the current owners, is still owed $11.8 million from the $55 million sale and is listed as the major creditor. The Food Network, Court TV and the QVC home-shopping network are also listed as creditors.

   Ronco, which visited bankruptcy court previously during the 1980s, said in the filing that the initial $40 million payment to Popeil seriously depleted the firm's cash reserves. The documents also revealed that a nonbinding agreement has been reached with an unnamed party to purchase the retailer.

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