It begs the question, if it is such a good idea - why havent the ones who replied to this thread on the link provided above - done their own groupon deal? Cant they even see what is going on here?
It has been mentioned already about the wonders (not) of groupon (Simon was the most vocal, and I totally agree with him), that sooner or later CC's wouldnt be able to cope - and this is a prime example of that.
He's obviously a desperate chap under this pressure and needs bailing out.
Groupon = absolute craziness.
What people havent taken into consideration is the eventual decline in prices throughout the industry (because of these deals), forcing lower margins. But by the time this type of groupon thing comes to an end, there will be a view by people that this industry should always be 'cheap'. By then it will be too late.
Why oh why oh why...
Mark