What’s the deal on Schumacher Creative Services

ok, who knows what’s going on with Schumacher? They have discontinued a lot of items and are perpetually back ordered on most others and somebody on one of the other groups I’m in said he had offered to sell him the company. So is he going bankrupt? Are they on the way out? That would be a shame because I always thought they had some decent stuff. Inquiring minds want to know.