Sunday, August 20, 2017 5:37:32 PM
I heard that Bakery Barn was balking at returns (perhaps from the boost in online orders suffering melting and other issues) and MusclePharm held back the funds to cover the manufacturing agreement breach stipulating the manufacturer will bear the costs of returns.
Look at the amount Bakery Barn is claiming in damages. A little over a million dollars yet according to the screen shot Bakery Barn represents 25% of MP total purchases which if you do the math of $120m in annual sales x .65 COGS = $78m x .25 Bakery Barn = $19.5m in annual purchases by MP to Bakery Barn
With $19.5m in annual purchases from BB, a little over $1m (roughly 5% returns) seems in the realm of possibility. I realize the MP corporate history of non payment but this is a different profile.
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