Everybody is good at something. Sometimes, it isn’t what they are doing.
They have a team of quality business people guiding them now.
Considering the very large amount of cash that was needed just to keep on their feet, I’m not sure there was anything that attractive for a buyer. The debt to asset ratio is, well, scary. (All public info in the “plan”.)
Hence, “the plan”, and making that math work must not be feasible if they try to make everyone whole. Perhaps they would have done it otherwise.
It wouldn’t make sense to have a plan that knowingly wouldn’t work. The plan as it is will be a challenge to meet.
We won’t know specifics, evidently, as the law doesn’t require a Disclosure in Vans case, at least not publicly. So, you trust Vans new business heads to know what they are doing.
These are just some facts and a few “thumb in the air” assumptions based on my business experience. If anything I said is perceived as an attack or cut against Vans or any of its people, that’s simply not true.
Keep swimming!