High Street chain collapse sweepstake

sqwidge1978
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Thu 28 Nov, 2019 20.52

JAS84 wrote:
Thu 28 Nov, 2019 11.54
Buyer found. Peacocks.
https://www.bbc.co.uk/news/business-50584658
How ethical is this, as Philip Day owned Bon Marchè via Spectre, and is the owner of Peacocks via EWM. Also Peacoks made a bid for Bonarchè earlier this year and it was turned down by Spectre, so now Peacocks/EWM will be able to buy at knock down price, and less debt.
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WillPS
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Fri 29 Nov, 2019 00.54

sqwidge1978 wrote:
Thu 28 Nov, 2019 20.52
JAS84 wrote:
Thu 28 Nov, 2019 11.54
Buyer found. Peacocks.
https://www.bbc.co.uk/news/business-50584658
How ethical is this, as Philip Day owned Bon Marchè via Spectre, and is the owner of Peacocks via EWM. Also Peacoks made a bid for Bonarchè earlier this year and it was turned down by Spectre, so now Peacocks/EWM will be able to buy at knock down price, and less debt.
I get what you're saying, but it all seems perfectly above board to me at least. If it was a pre-pack 'in and out' type deal, I'd be inclined to agree, but it has been a fairly elongated bidding process with plenty of chance for another bidder to undercut him.
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DJDave
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Fri 29 Nov, 2019 16.32

Called that move from day 1, having worked for Peacocks/Ewm before, I know how he works.
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WillPS
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Fri 29 Nov, 2019 19.03

DJDave wrote:
Fri 29 Nov, 2019 16.32
Called that move from day 1, having worked for Peacocks/Ewm before, I know how he works.
Good or bad? Do tell...
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DJDave
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Fri 29 Nov, 2019 22.56

WillPS wrote:
Fri 29 Nov, 2019 19.03
DJDave wrote:
Fri 29 Nov, 2019 16.32
Called that move from day 1, having worked for Peacocks/Ewm before, I know how he works.
Good or bad? Do tell...
I worked for Peacocks for 12 years nearly and before EWM there was a real buzz about the place and at the time we had nicer stores then Primark did, then when EWM tookover they cut hours, pay and staff even though I enjoyed the job there was no loyalty from up top and the buzz had gone.

I know people will say well the old Peacocks was overspending which maybe true but when you are paying a supervisor and a store assistant manager 20p and 40p then your staff it's a bit of a slap in the face.
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WillPS
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Sat 30 Nov, 2019 09.42

Ah, just 'Mike Ashley lite' then. Kind of figures I guess.

Which Peacocks store was nicer than Primark by the way? The newer ones at the time (I'm thinking Sheffield The Moor which might have only been open a year in total as it closed after the administration) were fairly bland and there were plenty of suburban/country town ones with the purple logo which were knackered (and bland).

Perhaps I just never saw one of the more splendid examples. I know Primark have upped their game considerably in the time since then but I can't ever remember thinking the shops themselves were poor (just the people in them!).
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DJDave
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Joined: Thu 23 Nov, 2006 22.53
Location: Wirral

Sat 30 Nov, 2019 17.50

WillPS wrote:
Sat 30 Nov, 2019 09.42
Ah, just 'Mike Ashley lite' then. Kind of figures I guess.

Which Peacocks store was nicer than Primark by the way? The newer ones at the time (I'm thinking Sheffield The Moor which might have only been open a year in total as it closed after the administration) were fairly bland and there were plenty of suburban/country town ones with the purple logo which were knackered (and bland).

Perhaps I just never saw one of the more splendid examples. I know Primark have upped their game considerably in the time since then but I can't ever remember thinking the shops themselves were poor (just the people in them!).
Manchester Arndale, Liverpool 1 and one in Newcastle were at least some of them.
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