The Ledger
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Gabbert: Room & Board does not demand supplier exclusivity
“We, you know, we haven't, but we know that some of those people have gone to some of our manufacturers, like our steel manufacturer is a good example.”
Gabbert: Room & Board committed early to operating with zero bank debt
“Early on, we just said no bank debt. We're going to operate with no debt. And we did for years and years and years.”
Gabbert: Room & Board transitioned to ESOP via 100% owner financing
“The way that makes sense for us to do it is have a hundred percent owner finance, so there's no bank loan involved. We just, we gave a loan to the employees, basically, the ESOP, to buy the shares from the owners at an established price”