If I buy a product from a company that has closed where (or for who) does this money of the sale go?
In: Economics
When the company went bust, all their assets were sold off to pay debts.
Some holding company bought the rights to that product for pocket change, and they’ll get any *future* profits from it.
Old stock that’s on retail shelves when the company folds has already been purchased by the retailer, so they keep the money.
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