Is Nancy's Closing for Good as Merrill Takes Over PC Products?

[AJPratt]

That was a nice touch!

 

[pcchris]

Yep - Nancy is a class act. Too bad she's been kicked to the curb. Maybe that was a bit harsh...sorry to anyone who thinks so, but that's about how I feel about it.

 

[The_Kitchen_Guy]

Does Warren Buffett own Merrill? Anyone know? just wondering.

"Document services company Merrill is no relation to financial services giant Merrill Lynch, but the companies do share an interest in SEC paperwork. Through its transactional and compliance services segment, Merrill provides printing, distribution, and electronic processing of SEC filings and other documents related to corporate transactions. Merrill also handles documents used in litigation and in direct marketing. The company operates from some 70 offices in the US and about 15 in other countries. Affiliates of DLJ Merchant Banking Partners, a unit of investment firm Credit Suisse, control a 58% stake in Merrill. "

If there's a connection there, I haven't been able to find it. That doesn't mean it isn't there, though.

 

[The_Kitchen_Guy]

Yep - Nancy is a class act. Too bad she's been kicked to the curb. Maybe that was a bit harsh...sorry to anyone who thinks so, but that's about how I feel about it.

Harsh?

You're too kind.

 

[cooking.with.ann]

Does Warren Buffett own Merrill? Anyone know? just wondering.

Yes and no. It's owned by his investment group, Berkshire Hathaway. He's been giving shares away at a rapid clip to the foundations owned by his children, the Bill and Melinda Gates Foundation, and the Nuclear Threat Initiative. Here's a link to Slate Magazine's rundown on his donations:

http://www.slate.com/id/2159775

 

[AJPratt]

Yes and no. It's owned by his investment group, Berkshire Hathaway. He's been giving shares away at a rapid clip to the foundations owned by his children, the Bill and Melinda Gates Foundation, and the Nuclear Threat Initiative. Here's a link to Slate Magazine's rundown on his donations:

http://www.slate.com/id/2159775

I missed where the article said that BH owned Merrill.

 

[pamperedlinda]

I missed where the article said that BH owned Merrill.

me too, but then I just skimmed over it.

 

[ChefLisa]

I just looked at the list of Berkshire Hathaway companies and Merrill is not owned by them.

On the Merrill Corporate site I read the company is privately owned with 47% ownership belonging to the employees.

Lisa

 

[AJPratt]

I think the OP was just making a tongue and cheek comment.

 

[MissChef]

BTW, My order from Nancy came in today. There was a very nice letter actually signed that thanks all of the PC people, and how she'll miss us all...which I thought was very nice. In the letter, she stated that they are anticipating most of their inventory to be gone before the end of June, so I'm just giving you a heads up on that. Also, she sent a certificate for a $10 freebie, so I guess I'll have to order some more from her when I get some $. I think this was the fastest I ever got something from her...normally it took a week, this time was faster. I'm so bummed. I love her stuff.

When did you order your stuff? I ordered about 2 days after the announcement! And I want my stuff! It's already been charged to my account and I really want my stickers! And the other goodies I ordered! I am sad about Nancy's Artwork's being let go also, She was a great vendor and I've met her at conference before and I feel bad for her! I've read all through this thread and I agree with a lot of you.... but for now I will just plead the 5th and keep quiet until I hear more. What??? Keep quiet, MEEE ,my husband would be amazed!

 

[The_Kitchen_Guy]

I just looked at the list of Berkshire Hathaway companies and Merrill is not owned by them.

On the Merrill Corporate site I read the company is privately owned with 47% ownership belonging to the employees.

Lisa

If the employees own 47% and DLJ Merchant Banking Partners (Credit Suisse) control a 58% stake in Merrill, 105% of the company is owned by somebody.

Hmmmm.

I wonder if the employees stake is held by Credit Suisse and there's another 42% of it out there someplace.

This is why it is so difficult in today's market to determine who owns what anymore.

 

[MissChef]

I got my order yesterday and all the stuff is great! I'm even sadder now for Nancy! and sad for us too, as she was very good and she was very well priced! I think I will order one more time before she's gone! I am going to go through her catalog she sent me! What a nice lady, I will miss her!

 

[jzramom]

I wonder what would happen if a bunch of consultants showed up at National Conference general session with the digital name badges from Nancy's saying
We Love Nancy!!!

 

[pcchris]

I wonder what would happen if a bunch of consultants showed up at National Conference general session with the digital name badges from Nancy's saying
We Love Nancy!!!

Great idea! Sadly, I don't think they would care. It's a real bummer!

 

[chefjwr]

Yes, Merrill is expensive and we have so little choice when all is from 1 company only.

Julie

 

[Cassie1037]

I ordered from Nancy's about a week ago, and loved everything I ordered. Plus, she sent a little sample "free" package along with it, saying thank you and enjoy. It is sad to lose her business. I prefer not to order from Merrill.

 

[The_Kitchen_Guy]

Great idea! Sadly, I don't think they would care. It's a real bummer!

Not only will they not care, it will do no good. Nancy has already moved on and made other plans. Business decisions are often not reversible.

 

[AJPratt]

Not only will they not care, it will do no good. Nancy has already moved on and made other plans. Business decisions are often not reversible.

Unfortunately, you're right.

 

[mommyhugz1978]

Which is really sad..