this post was submitted on 12 Jun 2025
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How is that even possible? I get that their products aren't cheap and sales might suffer from macroeconomic factors, but I sure would have thought that lockdowns and work-from-home have fuelled their sales.
Looks like the shareholders wanted to cash out and are using covid-19 as an excuse. Perhaps there was some crazy mismanagement of the company too, because it's such a well respected brand.