Hibu, a yellow page printing company is under huge pressure as banks plan to recover their debt
Herndon, VA -- (SBWIRE) -- 09/12/2012 -- The publisher of Yellow Pages ‘Hibu’ (which is basically the new name of the company Yell) has been under great pressure from banks. It is expected that nearly all of the banks that are funding Hibu will be taking over its operations as part of recovering the debts from the company.
However, Hibu is still struggling to get rid of debts which is included in its net worth of £2.2 billion and trying to save the company from being taken over by the bank. Hibu still has been unable to shake off the market since there are other big fishes sitting in competition like Spain, America and some parts of Latin America.
According to a report in the Sunday Times, banks are very active these days in their recovery procedures of debts and it seems that in the near future they will able to recover a large chunk of their money.
Under these circumstances, many of the companies which are bearing losses and still going down appear to disappear from the market, while on the other hand, some of the bigger companies are now making use of digital media as a source of being a shield against bank takeover. They argue that using digital media will increase their ability to get more customer support and increased sales.
It has been found that eMarketplaces, which provides platforms to companies to display their products and items without the need of their individual website, is turning out to be a good technique, since the world is going digital as well as faster every single day. People these days are moving to these digital mediums and preferring them rather than actually going to places themselves. Ultimately, the industries that are bearing losses due to these platforms have also got some relief in terms of cutting costs.
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