A Top Shop site suspended

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Apparently it was sold in November to Mystery Shopper Services. Below is a link to an article about it. FWIW, the author mentions something about him learning in college that debt always transfers when a business is sold. In actuality, that is often not the case, especially with small businesses that have asset sales (non-stock sales) verses large companies selling under a stock-purchase agreement.

[www.mysteryshoppermagazine.com]
That guy from Mystery Diners owns mystery shopping services. If that is his attitude about payments, I won't be shopping him.
audrialyn30 Wrote:
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> That guy from Mystery Diners owns mystery shopping
> services. If that is his attitude about payments,
> I won't be shopping him.


Audrialyn, it's not attitude, it's business sense. If a company buys a company's assets and not their liabilities why would you expect them to pay those debts? It doesn't owe them, the previous company still owes them. This is something that is negotiated in the sale, and the buyer would have likely paid a much lower price for the business had they acquired the debt, too. You think Mystery Shopping Services should pay off A Top Shop's debts just to be nice?
rainy Wrote:
-------------------------------------------------------
> audrialyn30 Wrote:
> --------------------------------------------------
> -----
> > That guy from Mystery Diners owns mystery
> shopping
> > services. If that is his attitude about
> payments,
> > I won't be shopping him.
>
>
> Audrialyn, it's not attitude, it's business sense.
> If a company buys a company's assets and not their
> liabilities why would you expect them to pay those
> debts? It doesn't owe them, the previous company
> still owes them. This is something that is
> negotiated in the sale, and the buyer would have
> likely paid a much lower price for the business
> had they acquired the debt, too. You think Mystery
> Shopping Services should pay off A Top Shop's
> debts just to be nice?

You are entitled to your opinion as I am to mine!!! I personally think it would be a good gesture for them to pay past shoppers. I wouldn't say to just be nice, but to rebuild an obviously damaged brand( A Top Shop). Simply telling shoppers it is not our problem, is NOT the way to go. I stand by comment I won't shop them.
I never said you weren't entitled to your opinion, but you might change it if you ever decide to buy a business with liabilities. The tone they used is one thing, but companies can't always afford "good will gestures". Even if they could, they have no responsibility to. Top Shop may owe hundreds of thousands of dollars, who knows. It doesn't even appear the "brand" of Top Shop is around anymore, not sure. I don't care who shops who, and wasn't trying to convince you to, but a company paying off another company's debts out of the kindness of their heart or for whatever reason is not commonplace in the business world. The company would have not paid nearly as much for the business and took on the debts if it wanted to go that way. If you have examples of companies who have purchased a business (but not the liabilities) but have paid the liabilities anyway, please share. I do think they could have possibly been more professional about relaying the information if they were indeed "terse", however, and I understand if people don't shop them because of rudeness.

Edited 1 time(s). Last edit at 01/03/2014 10:45PM by rainy.
Good riddance. I had to battle to get paid and then did no more shops for her. I later saw a lot of people never get paid. The new owners might be able to woo some of the better shoppers back if they offered to at least reimburse them. Otherwise, they best change the name and start over.
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Ouch! I'm feeling lucky that the one shop I did accept for A Top Shop was never paid due to the fact it was a targeted shop that paid something like $5 and I was never able to reach the target and I didn't want to fight for the money. I have had issues with Mystery Shopper Services before and I think I overreacted with them once. Emma, a scheduler there, is a sheer joy to work with and I miss working with her. Mystery Shopper Services was the first company I secret shopped for and I gotta thank them for being willing to work with me, a then newbie, and to give me a $30 shop to start with. Not a bad company overall in my book and I feel like it's my fault I no longer work for them.
rainy Wrote:
-------------------------------------------------------
> I never said you weren't entitled to your opinion,
> but you might change it if you ever decide to buy
> a business with liabilities. The tone they used is
> one thing, but companies can't always afford "good
> will gestures". Even if they could, they have no
> responsibility to.

That ain't no joke! When RawData switched over to Verizon last spring and wanted deposits for that service (I didn't feel I owed them ANY deposit for being with them already...), I decided to part ways with them. I guess their hope when I wanted to continue service with Sprint by signing a transfer of liability form was to also assume liability for "a really huge balance" they stiffed Sprint on, too. No thanks. I moved on.
I think it is like purchasing a product, and the store shuts down. Do you think they are going to stay open for those that need to returns? Not good business when you are in trouble!
Who would purchase a home and pay the previous owner's outstanding utility bills just to be nice?
I had the same exact thought Swili.

There are reasons that a body stays in motion
At the moment only demons come to mind
Isn't it more a question of: what did they buy when they bought the business. If they bought physical possessions, computers and such, no big deal. If they bought 'goodwill', well, uh....
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