Cork & Olive Wine Franchisor Folds; Franchisees Scramble to Survive
(FranchisePick.Com) Michael Probst, franchisor of the Cork & Olive wine shop franchise chain, has shuttered his eight company stores, closed the corporate headquarters and laid off 40 employees.
The nine Cork & Olive franchise owners had an emergency meeting this past Wednesday to figure out how they can survive the demise of their cash-strapped franchisor. The Orlando franchise owner has only been open for a week; other owners in Florida were preparing to open their stores when they got the news.
Read about the franchise problems at UnhappyFranchisee.Com
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11 opinions for Cork & Olive Wine Franchisor Folds; Franchisees Scramble to Survive
Cork & Olive Franchise Corp. Collapse: What’s the REAL Story?
Jun 6, 2008 at 9:23 am
[…] (FranchisePick.Com) Yesterday, UnhappyFranchisee.com reported that the Cork & Olive Franchise Corp. had folded, that the eight company stores had closed, 40 employees had been abruptly laid off […]
MJ
Jun 9, 2008 at 11:51 am
I doubt anything came from the meeting on Wednesday- there is NO hope for Michael. He better find a big boyfriend in prison- Don’t drop the soap Michael.
sean
Jun 9, 2008 at 12:28 pm
He better find a big boyfriend in prison
Hmmm… At least those cork & olives will come in handy…
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MJ
Jun 17, 2008 at 2:29 pm
I was right… a fly on the wall perhaps? Chapter 11 Michael. Your book is finished. Your in your 60’s… die already old man.
Wanda
Jun 17, 2008 at 9:00 pm
MJ,
Sixty isn’t that old. Mean people live forever…. But that would be a blessing if he were in jail.
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