TROY, Mich. (WZZM) -- A company known for making a familiar school fundraiser has filed for bankruptcy. The company distributes the Entertainment coupon book.
The Entertainment promotions company has been around for 50 years, but recently filed for chapter 7 bankruptcy. WZZM 13's partner the Detroit Free Press also reported that the company laid off hundreds of employees and closed its headquarters in Troy.
The book is popular with schools and booster clubs as annual fundraisers. It's filled with hundreds of coupons from local retail stores and restaurants.
Malarky's restaurant in Grand Rapids is just one of the businesses that advertises in the book. The manager, Jodi Bronson says the coupons are still good.
"I would say it's one of our most popular coupon books that we use. I am surprised. Of course, I feel sorry for the people that are losing their jobs," says Bronson.
As for customers, they are sad to hear the entertainment book may not be around in the future.
"I would be disappointed. I share the coupons with my kids. Whenever anybody goes out, we check out the entertainment book first, before we go, to see if there's something we can use," says Linda Crawford.
WZZM 13 spoke with Entertainment's media spokesperson, Bill Daddi. He didn't have much more information, but said, in his experience; companies don't come out of Chapter 7 bankruptcy.
Daddi referred us to the company's legal counsel. So far, the company has not returned WZZM's calls.