Last month’s collapse of another chain of English language schools inJapan has left thousands of teachers facing an uncertain future and many more students out of pocket. It may also sound the death-knell for a business model that placed quick profits and rapid expansion above all else.
Almost three years after Nova, Japan’s biggest eikaiwa, or English conversation school chain, went bust, Geos filed for bankruptcy with debts of about $81m. It immediately closed 99 schools employing 483 people, with G.communications, a Nagoya-based chain, acquiring the 230 remaining branches. Guardian, 20 May 2010. Read the whole article…
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