Re: High Street chain collapse sweepstake
Posted: Thu 09 Aug, 2018 20.33
It's basically a new business. They closed down today.
https://www.bbc.co.uk/news/business-45135268
https://www.bbc.co.uk/news/business-45135268
It's owned by "a mystery investor".
I also was expecting this, albeit in a couple of weeks. Not now.Charlie Wells wrote: ↑Fri 10 Aug, 2018 08.20 Well this came slightly sooner than expected, though perhaps no surprise after the Chinese investors pulled out...
House of Fraser calls in administrators
https://www.bbc.co.uk/news/business-45140874
8 Months Laterg67bbx wrote: ↑Mon 22 Jan, 2018 19.46I was right about TESCO, 1700 store management jobs to gog67bbx wrote: ↑Sat 06 Jan, 2018 08.37
I came across this forum by chance, thought I would add my own views on the subject.
Ones to watch in 2018:
Toys R Us - To be honest, it cant keep going for much longer. It will either fold completely or wind down to a few select sites.
Debenhams - Poor results over Christmas. I feel it will review its estate and cut out the deadwood shops, and put money into refurbishing the good ones.
House of Fraser - Seeking rent reductions. Unfortunately, I think it will end up going down the BHS route.
M&S - Store closures.
(Looks like the department stores are going to struggle this year)
Poundland (and Pep&Co) - Will be sold to new owner.
WHSmith - Just one to keep on the radar. Possible management/HO structure changes and closing of least profitable stores as leases end. Travel doing well.
TESCO - Possible Management changes and store redundancies.
That's it for now, but could be some changes as the retailers release their Christmas results. Next and ALDI have done very well over Christmas.
http://www.bbc.co.uk/news/business-42779698
Notably, they've bought all of it, including the 31 stores earmarked for closure. So presumably this is now off and all HOF stores will carry on - for now at least anyway.WillPS wrote: ↑Fri 10 Aug, 2018 10.11 It's out of administration already: https://www.bloomberg.com/news/articles ... r-business
More: https://www.theguardian.com/business/20 ... talks-fail
I wonder if this means the Debenhams takeover plan is dead?
They'd be bloody massive Sports Directs, even the smaller sites.JAS84 wrote: ↑Fri 10 Aug, 2018 11.06 BBC suggests he could rebrand some as Sports Direct. Which might not be a bad idea if there isn't one already in a location and that HOF isn't doing well. I suppose he could hybridise some too.
https://www.bbc.co.uk/news/business-45140874