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  #1 (permalink)  
Old 07-16-2013, 08:21 AM
Super WAHM
Join Date: May 2005
Location: United States
Posts: 253
Default Gigi Hill Out of Business.

I am sharing this story with all of you in case you still thinking in " Join" to this company.
Today I opened my e-mail and found a letter from Gigi Hill company saying that they will be closing.
How sad ...
THEY Wrote:
It is with a heavy heart that we have made the decision to close Gigi Hill. We love each of you so dearly, and this company so dearly, and it is by far the hardest thing we have ever had to do in our lives
In January of 2013 our bank credit line was pulled. Due to this, we sought additional capital and we were in "due diligence" with 2 separate firms to be acquired. We have spent countless hours with these firms trying to reach a deal. The acquisition would have allowed us the needed cash flow that is a necessity in every business. We are so sad to report that no deal was reached. When our credit line was pulled, it made operating for growth extremely hard. It is for this reason Gigi Hill will be closing.
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  #2 (permalink)  
Old 07-16-2013, 08:36 AM
mandm'smommy's Avatar
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Join Date: Dec 2009
Location: Tennessee
Posts: 1,091

I am saddened at this news. I don't even know what to say...
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  #3 (permalink)  
Old 07-16-2013, 08:40 AM
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Join Date: Jan 2013
Location: Pueblo, Colorado
Posts: 625

I'm so sorry for this news and my heart goes out to all of you who are consultants with them. It has to be terribly hard to have your business impacted like this with no warning. You are all in my thought and prayers.
Kathy Nicholls, Senior Director South Hill Designs
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  #4 (permalink)  
Old 07-16-2013, 08:52 AM
nv93446's Avatar
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Join Date: Oct 2007
Location: Orange County, CA
Posts: 849

That is so sad to hear (. I met some ladies in Orange County at events and the bags looked so nice.

Best wishes to all the GigiHill ladies out there.

Janette Stoll ~ #1 Direct Sales Leader ~ Helping You Succeed in Your Business
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Old 07-16-2013, 09:11 AM
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Join Date: Sep 2010
Location: Pennsylvania
Posts: 944
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I am so sorry to hear this. GiGi Hill had great bags.
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  #6 (permalink)  
Old 07-16-2013, 01:48 PM
AnneP's Avatar
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Join Date: Aug 2009
Posts: 550

They have a great product. It's too bad they couldn't find someone to back them to have time to get the financials straightened out. I'm sad for everyone who lost a business today.
"Listen--are you breathing just a little, and calling it a life?" ~ Mary Oliver
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  #7 (permalink)  
Old 07-16-2013, 03:29 PM
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Join Date: Jul 2011
Location: Upstate NY
Posts: 222

Wow! So saddened to hear this. I know there are a few of you on here who represent Gigi!
Design your own handbags with Monet Handbags! Seeking ambitious sales consultants for a unique opportunity with a rapidly growing company!! Find me on Facebook!
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  #8 (permalink)  
Old 07-17-2013, 07:39 AM
Registered WAHM
Join Date: Dec 2012
Location: Virginia
Posts: 9

Oh how terrible.... It is always sad when a company goes out of business. I really feel horrible for the consultants who were clueless this was going to happen.

They were really nice bags!

Scentsy Family Consultant
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  #9 (permalink)  
Old 07-17-2013, 03:24 PM
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Join Date: Jun 2013
Posts: 31

I am so sorry to hear. How devastating.
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  #10 (permalink)  
Old 07-18-2013, 12:19 PM
Super WAHM
Join Date: May 2005
Location: United States
Posts: 253

Yeah, the whole thing is just bad. The GH company, hosted a meeting to introduce "Jewel" Gigo Hill x consultants. Jewel is the sister company of 31 gifts to their consultants.
I personally don't like this type of activity where the broken company offer their consultants to another company.
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