Readers React To Hines Bankruptcy Announcement

Hines Nurseries officially announced Oct. 13 it filed for Chapter 11 bankruptcy protection, marking the second time in 26 months the operation has filed for Chapter 11. The announcement drew a reaction from a few Greenhouse Grower readers, who made comments at GreenhouseGrower.com.
 
All comments were made anonymously, and Greenhouse Grower edited them for clarity. Here is a sample:
 
–”[Hines] will simply make their debt go away in Chapter 11–and the folks who have stuck with them and supplied them in good faith during their earlier troubles will end up with nothing. And some of them will go out of business. The lawyers, banks and tax collectors will get what there is, and actual vendors will be shafted again. Then, they will begin again, the cycle starts again and the result will be the same again.”
 
–”I’m having a hard time feeling sorry for any of the management at the Hines location near Richmond, Texas. I have owned and operated my small nursery business for 39 years only 10 miles from Hines and for years endured their ‘holier than thou’ attitude toward us smaller retail operations and finally bought elsewhere. If you did not need an order for a whole semi truckload of plants, they would look down their noses at you like you were a peasant. A really crummy attitude from my standpoint. Well, I was here in business before they showed up, and it looks like I’ll be here long after they are gone. Good riddance. Our industry needs us to all work together and not play the ‘we’re bigger than you are’ game.”
 
–”It’s very difficult to feel compassion for them (Hines), but for the industry as a whole to see this ‘Chapter 11’ virus so prolific is a concern. However, for those ready for it, there is great opportunity for the less-than-traditional companies to gather up the pennies and do something awesome. Horticulture isn’t going away!”
 
Learn more about Hines’ Chapter 11 announcement.

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Avatar for Anonymous Anonymous says:

I’m sorry to see this happen again. It’s obvious that the laws of supply and demand are hitting our industry very hard. Those with big debt &/or flaws in their business plans are most vulnerable. I can’t help but wonder when supply & demand for plants will be back in align. The sooner the better. My condolences to those hurt by this latest filing.

Avatar for Anonymous Anonymous says:

As one commentor said earlier (more or less), you reap what you sow. The Holier than thou, bigger is better, take it or leave it, we’re smarter than you are attitude really doesn’t work in any business model that I am aware of. Even in politics and government! If I was a vendor to Hines, I would get cash up front.

Avatar for Anonymous Anonymous says:

I was a sales representative for Hines at the Home Depot’s and can attest to the lack of sound business judgement on the part of Hines Management. My direct supervisors were only concerned about appeasing the HD management and had no idea how to conduct a profitable operation. The more HD management whined the more Hines caved. My gut feeling is HD will purchase Hines out of bankruptcy this time, why not they were 70+% of Hines business in the past anyway.

Avatar for Anonymous Anonymous says:

I’m sorry to see this happen again. It’s obvious that the laws of supply and demand are hitting our industry very hard. Those with big debt &/or flaws in their business plans are most vulnerable. I can’t help but wonder when supply & demand for plants will be back in align. The sooner the better. My condolences to those hurt by this latest filing.

Avatar for Anonymous Anonymous says:

As one commentor said earlier (more or less), you reap what you sow. The Holier than thou, bigger is better, take it or leave it, we’re smarter than you are attitude really doesn’t work in any business model that I am aware of. Even in politics and government! If I was a vendor to Hines, I would get cash up front.

Avatar for Anonymous Anonymous says:

I was a sales representative for Hines at the Home Depot’s and can attest to the lack of sound business judgement on the part of Hines Management. My direct supervisors were only concerned about appeasing the HD management and had no idea how to conduct a profitable operation. The more HD management whined the more Hines caved. My gut feeling is HD will purchase Hines out of bankruptcy this time, why not they were 70+% of Hines business in the past anyway.