Entertainment Promotions, the 50-year-old Troy, Mich.-based promotions company known for its thick coupon book, has filed for chapter 7 bankruptcy protection and laid off hundreds of employees, the Detroit Free Press reported today. According to a filing with the state's labor office, 298 people were laid off. Entertainment Promotions’ website says that the company employs about 520 people with more than 240 in southeast Michigan. It was founded in 1962, and owned by M.H. Equity Investors in Indianapolis, Ind. The company offered coupon books, which are sold by schools, community and charity groups as fundraisers.
