Companies going into administration

[tvout]

Land of Leather and Newcastle Productions have just gone...
The latter by the way make Findus foods...may not see crispy pancakes any more. I used to love them when I was a kid...

Our High Streets and Out-Of-Town shopping centres turn out to have been like the grand old oak tree that you admire every time you walk past it in the woods - until the day after a big storm, when you find it felled and discover its roots were rotten.

Sadly, it looks like the writing always was on the wall for some of these big name chains. They had no real substance, and all it took was a gust of wind to blow them down.

[sherer]

Originally Posted by tvout

Land of Leather and Newcastle Productions have just gone...
The latter by the way make Findus foods...may not see crispy pancakes any more. I used to love them when I was a kid...

Findus going is strange as I would have assumed they still sell loads of frozen food as it is cheap

[ntluser]

Originally Posted by Chris

Our High Streets and Out-Of-Town shopping centres turn out to have been like the grand old oak tree that you admire every time you walk past it in the woods - until the day after a big storm, when you find it felled and discover its roots were rotten.

Sadly, it looks like the writing always was on the wall for some of these big name chains. They had no real substance, and all it took was a gust of wind to blow them down.

The intense high street competition has only served to wipe out more stores than ever as there was never enough business to sustain all of them anyway.

High shop rentals and council tax are killing off small shops which cannot compete.

Wonder how many landlords and councils have considered lowering rent or council tax for businesses as a means of nurturing struggling businesses through these tough times?

Empty shop properties are no good to anybody.

[Nugget]

Originally Posted by sherer

Findus going is strange as I would have assumed they still sell loads of frozen food as it is cheap

Findus UK was / is a licensed brand (ie not owned by Newcastle Productions). The rest of Findus in Europe is owned by a different company

---------- Post added at 11:04 ---------- Previous post was at 11:02 ----------

Originally Posted by tvout

The latter by the way make Findus foods...may not see crispy pancakes any more. I used to love them when I was a kid...

Originally Posted by Sky

Its UK Findus licence is ultimately owned by private equity firm Lion Capital, which last September bought Findus and Young's seafood group Foodvest - the group which licenses the brand throughout Europe.

None of the trading entities outside of the UK have filed for administration and Lion Capital is reportedly planning to sell the UK licence to another food manufacturer.

Your pancakes may be saved

Originally Posted by Nugget

Findus UK was / is a licensed brand (ie not owned by Newcastle Productions). The rest of Findus in Europe is owned by a different company

---------- Post added at 11:04 ---------- Previous post was at 11:02 ----------





Your pancakes may be saved

Please reassure us that you are not involved in producing the "filling".

[rogerdraig]

on a better note

http://www.ft.com/cms/s/0/d5afe9d8-e...077b07658.html

and is every one sure about the pancakes i used to love them

[Nugget]

Originally Posted by foreverwar

Please reassure us that you are not involved in producing the "filling".

You're alright - I don't work for that part of the company .

Mind you, you might want to be careful about the Battered Cod

[etccarmageddon]

the **** really is hitting the fan.

www.empiredirect.co.uk stores shut/in administration

[sherer]

Originally Posted by etccarmageddon

the **** really is hitting the fan.

www.empiredirect.co.uk stores shut/in administration

used this place all the time thought they would be doing very well with all the electrical stuff they sold. My friend bought a washing machine from them and they never even contacted her about delivery

[lauzjp]

oh dear

Originally Posted by etccarmageddon

the **** really is hitting the fan.

www.empiredirect.co.uk stores shut/in administration

That's very worrying, especially with the number of referrals sites like Kelkoo give them if you search for domestic appliances. There will be a lot of worried shoppers out there today.

[joglynne]

Depressing news I feel sorry for their work force and any customer caught up in this latest closure. There's another write up here.

The Leeds-based retailer was one of the few specialist electrical chains to have survived the competition from Kesa Electricals and DSG International, the owners of Comet and Currys, both of which have seen their own sales come under pressure as consumers refrain from buying “big ticket� electrical and electronic products.

This certainly cuts down on the competition for Comet and Currys. Maybe it will help them to stay in business?

They got to expensive. A couple of years ago they were competitive then... and now they have gone. At least they didnt sell extended warrenty you just joined their card thingy that gave you 3 years on expensive stuff. Who will be next? DGS might have to take a hit if high prices and poor service was to be punished

This is all bad new for the rest of us in the future post recession as there will be less competition so the big chains will charge more

[pedantic]

Originally Posted by zinglebarb

At least they didnt sell extended warrenty you just joined their card thingy that gave you 3 years on expensive stuff.

I've just heard about them going bump. The extended warrenty was one of the reasons I bought from them in the first place. I take it warrenties will be a waste of time now then? I bought a Pioneer plasma from them, which are expensive enough to start with, I hope the bugger lasts.