Friday, June 15, 2007

Passing Of An Era

Bummer:

June 15 (Bloomberg) -- Ronco Corp., maker of the Veg-O-Matic vegetable slicer and the Pocket Fisherman, filed for bankruptcy two years after founder and television pitchman Ron Popeil sold the iconic company for $56 million.

Ronco, which marketed products as perfect for ``grads and dads,'' sought protection from creditors owed more than $32.7 million. It listed $13.9 million in assets yesterday in U.S. Bankruptcy Court in Woodland Hills, California.
Nice sale Ron. But where will I get replacement parts for my veg-o-matic?

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