CANFIELD, Ohio, April 5, 2011 /PRNewswire/ -- When a national franchise racks up the debt, it's the local franchise owner that pays the price.
The typical American consumer probably knows 100 franchises by name. But for every famous franchise, there are countless others that provide a business model and support devices for local entrepreneurs participating in the American dream. When the corporate office of Clear Choice USA, a national replacement window retailer, filed for Chapter 11 bankruptcy protection, it was the independently owned and operated locations across the country that stood to suffer the most. These local retailers risked losing a brand and reputation, that some had spent many years and hundreds of thousands of dollars building.
Fortunately, this story has a new chapter. Through an asset acquisition in the Atlanta (Georgia) division of the US Bankruptcy Court, Clear Choice USA is now under new ownership and management.
"Our local operators utilize our national branding platform to gain trust with consumers. They forge their local reputations by providing world-class product and service to their customers. They build strong companies by operating smart and ethical businesses, and by supporting community causes. They deserve a national office that embodies those principles," says new President/CEO Ed Kalaher.
Mr. Kalaher continues, "Just as world-renowned brands like General Motors and Delta Airlines have gone through a bankruptcy, and emerged stronger, more efficient and better prepared for responsible growth...Clear Choice USA is truly reborn. Our brand has survived thanks to our local licensee operators, and we plan to repay them by building the finest replacement window company in America."
Clear Choice USA is one of the nations largest retailers of vinyl replacement windows. They offer affordable prices on windows and doors designed to make homes more attractive, more valuable and more energy efficient. More information is available at www.clearchoice-usa.com.
SOURCE Clear Choice USA