Oriental Trading Company

Guest · Post by **Guest** » Fri Jul 30, 2010 11:35 pm

They are going through a debt restructure (which has been in the news) and their main owner, Carlysle Group, may be looking for someone to take OTC off their hands. No word on who that might be.

bbinks · Post by **bbinks** » Sun Aug 01, 2010 2:11 am

Since Watanabe is off the hook for his gambling debts, he is probably one of the few locals that could afford to buy the place.

iamjacobm · Post by **iamjacobm** » Wed Aug 25, 2010 3:08 pm

Oriental Trading files for bankruptcy

http://www.omaha.com/article/20100825/N ... bankruptcy

www.omaha.com wrote:OMAHA, Neb. (AP) — Party supplies retailer Oriental Trading Company Inc. said Wednesday it has filed for Chapter 11 bankruptcy protection and will continue operating as it reorganizes under a plan approved by most of its major lenders.

The Omaha, Neb.-based company filed for reorganization in Delaware bankruptcy court. Its reorganization plan calls for slashing its debt by more than 70 percent to $200 million, improving its capital structure and boosting operating flexibility.

S33 · Post by **S33** » Wed Aug 25, 2010 4:58 pm

"Its reorganization plan calls for slashing its debt by more than 70 percent" - by stiffing their vendors, contractors, and financiers who count on their checks in their "accounts payable" departments.

Post by **nebugeater** » Wed Aug 25, 2010 6:21 pm

Maybe they should take what is left and go to Vegas and try and win big!!

S33 · Post by **S33** » Wed Aug 25, 2010 6:58 pm

nebugeater wrote:Maybe they should take what is left and go to Vegas and try and win big!!

I vote for a bailout since fed has unlimited resources - well, until we run out of trees and printer ink.

Coyote · Post by **Coyote** » Fri Nov 02, 2012 1:12 pm

Berkshire Hathaway buying Omaha's Oriental Trading

Steve Jordon WORLD-HERALD STAFF WRITER wrote:Oriental Trading Co. would become part of Berkshire Hathaway Inc. of Omaha by the end of November under a cash purchase agreement being announced today, ending a dozen years of shifting ownership by out-of-town investors.

bigredmed · Post by **bigredmed** » Fri Nov 02, 2012 2:14 pm

Berkshire is doing well with the small company purchases that have basically structural profit. They bought the OWH a year before the OWH finished their loan repayment for their printing press, and now they have a $20 million dollar a year after tax loan check they don't have to write. Now the Oriental Trading company with the low cost merch, low cost employees (and limited Obamacare exposure as most of their staff is part time), and no more debt.

Money pumping in from the retail arm into their Insurance arm. Going to make them a lot of money in insurance. Their SuperCat competitors have to buy money or build up investments that have to be fungible in a distressed market. Berkshire, not so much.

Going to be lower premiums and mo business. Mo money!

Coyote · Post by **Coyote** » Fri Feb 16, 2018 8:46 pm

OTC's Ralston location is getting a $1.2M renovation.

ChadJK · Post by **ChadJK** » Thu Jun 27, 2024 4:33 pm

OTC has done some acquisitions over the last 10 years:

Mindware in 2013
Smilemakers in 2014
Peaceable Kingdom in 2017
Morris Costumes in 2021

ChadJK · Post by **ChadJK** » Wed Aug 26, 2026 11:12 am

OTC sold off most of its real estate at 108th & I. The eastern section was sold to Goodwill Industries and the western section remains OTC.

OverlookedFarm · Post by **OverlookedFarm** » Wed Aug 26, 2026 11:36 am

ChadJK wrote: Wed Aug 26, 2026 11:12 am OTC sold off most of its real estate at 108th & I. The eastern section was sold to Goodwill Industries and the western section remains OTC.

Again, as I have said on this board numerous times, the OIF "industrial" properties are going by the way of churches, not profits, car dealership, storage yard or anything other than something that creates value through manufacturing industry, and thus, a misuse of the land.

The lot has been used in recent years as overflow parking for car dealers, trucks and Old Dominion.

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