Adam Sosnick
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How Hertz Is Trying To Drive Its Way Out Of Bankruptcy
Posted
November 16, 2021
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15,485
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November 16, 2021
15,485
129
11
0.90%
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18:11Now PlayingIn this episode of Case Studies with the Biz Doc he takes a look at Hertz. On Case Studies with the BizDoc, Tom Ellsworth follows this companies timeline and the milestones they reached along the way. Subscribe to the channel and share this video.
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About Hertz:
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is an American car rental company based in Estero, Florida, that operates approximately 12,000 corporate and franchisee locations, both domestically and internationally. As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. The Hertz Corporation also owns Firefly Car Rental, and the former Dollar Thrifty Automotive Group, which is now separated into the Thrifty Car Rental and Dollar Rent A Car brands. Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 326th in the 2020 Fortune 500 list. The company filed for bankruptcy on May 22, 2020, citing a sharp decline in revenue and future bookings caused by the COVID-19 pandemic. As of December 31, 2020, the company had revenues of US$5.26 billion, assets of $16.9 billion, and 24,000 employees. As of July 1, 2021, the company is no longer in Chapter 11 bankruptcy.
THOMAS N. ELLSWORTH, is an experienced CEO / COO and veteran entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software development, publishing and mobile that have generated exits totaling over $1B. He’s also the host of Case Studies with the Biz Doc on the Valuetainment Economics Channel.
Connect with the Biz Doc:
- Website: www.tomellsworth.com
#ValuetainmentEconomics #BizDoc #CaseStudy
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