Final farewell to Photon as the company becomes Enero
One of the most controversial names in the media and marketing industry will vanish from the landscape tomorrow when Photon Group officially becomes Enero.
The company was once one of the fastest growing listings on the ASX. Chairman Tim Hughes and CEO Matt Bailey embarked on an acquistion spree that saw the share price soar although the company became loaded with debt and virtually open ended earnout commitments to founders of the companies they had bought.
The company then teetered on the brink of failure before being turned around by CEO Jeremy Philips who sold many of its businesses and reduced its debts to a manageable level.
Melhuish
Enero means “mere” in Latin.
Interesting name to give a company that reach for so much and failed so many times with so many things.
Well, that’ll certainly fix things!
Sellafield, anyone?
is it just me or is that way too close to Enron to be comfortable?
follow the money, just like ENRON
Enero stands for January in Spanish, new year, new beginnings