Quote:
Originally Posted by Media Boy UK
It been a loss making company since it started in 2015.
In 2015 to 2020 Hochanda loss £19,452,460 .
Then Hochanda appoint an administrator in 2020 then Craft Store TV was sold to Hochanda Global and Hochanda Global took over C&C in 2022 but has been making a loss of £16,312,553 since 2020.
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I know. It started off with Hochanda selling small relatively cheap products from a large number of suppliers. Obviously not making enough money from low priced items they later switched to selling much more expensive items from a smaller number of suppliers. The trouble with that is that crafters don't necessarily want to fork out large sums of money for a hobby. A poor business model perhaps? Not really a similar situation to the other broadcasters which Old Boy is expecting to fail in the coming months...