Lado went belly-up on April 5 leaving some 4000 students high and dry along with the foreign help. This comes just three days after the union representing teachers there won some concessions from them.
I actually read of some speculation that the union victory affected bankruptcy, which is crazy considering three days after agreement the company declared bankruptcy. A much more plausible explanation is that the company cracked under the high cost of licensing the Spiderman character and an ineffectual campaign. Hangon, did anyone ever see a Spidey commercial?..
