J. Peterman is back in business, and doing better. I didn't realize all that had happened since the bankruptcy filing in 1999. The most interesting thing about the new venture:
And befitting a Seinfeld episode, he also has a new business partner: John O'Hurley, the actor who portrayed Peterman on the series. The two became good friends after meeting on a talk show, and O'Hurley bought 10% of the business and sits on the board. Not that you've seen the last of the actor on the small screen: He and the real Peterman just finished filming a TV pilot for an around-the-world shopping show.
J. Peterman made a common business mistake – expanding too quickly. It will be interesting to see how they do now that they have a second chance.