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Changes on the High Street
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Old 16-10-2019, 19:22   #241
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Re: House of Fraser in trouble...

Quote:
Originally Posted by Stephen View Post
I bought a DSLR which I bought from Jessops in 2013 just after they reopened. I do use it often and have a few lenses for it. However due to various personal issues I have decided to sell it all as I need the cash. It's a shame that they are struggling again.
As with so many other things, times have changed. Photography is not as technical as it used to be. Full reviews of products are available on the internet, with fully details of features. You don't need a specialist camera shop to buy a camera.
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Old 16-10-2019, 20:34   #242
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Re: House of Fraser in trouble...

Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.


https://news.sky.com/story/greene-ki...eover-11789261
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Old 16-10-2019, 20:44   #243
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Re: House of Fraser in trouble...

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Originally Posted by richard s View Post
Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.


https://news.sky.com/story/greene-ki...eover-11789261
Doesn't sound like they had much choice.
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CK Asset Holdings, founded by Hong Kong's richest man Li Ka-shing, will pay £2.7bn for the 220-year old brewery company and take on its debt, worth an additional £1.9bn.
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Old 17-10-2019, 20:11   #244
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Re: House of Fraser in trouble...

Quote:
Originally Posted by richard s View Post
Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.

https://news.sky.com/story/greene-ki...eover-11789261
With a cheap pound, it's rude not to. We've seen a number of large companies succumb to takeovers since June 2016 due to the weakened pound. That being said, CK seems a good owner having brought the UK 3 Mobile and owned Superdrug for a number of years.
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Old 17-10-2019, 20:47   #245
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Re: House of Fraser in trouble...

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Originally Posted by 1andrew1 View Post
We've seen a number of large companies succumb to takeovers since June 2016 . . . .
You can go back a lot further than that
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Old 18-10-2019, 20:01   #246
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Re: House of Fraser in trouble...

Bonmarché appoints administrators.

https://www.bbc.co.uk/news/business-50094937

Quote:
Women's fashion chain Bonmarché has appointed administrators, putting the future of the business in doubt.
Quote:
"We have spent a number of months examining our business model and looking for alternatives. But we have been sadly forced to conclude that under the present terms of business, our model simply does not work," she added.
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Old 18-10-2019, 20:46   #247
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Re: House of Fraser in trouble...

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Originally Posted by denphone View Post
Bonmarché appoints administrators.

https://www.bbc.co.uk/news/business-50094937
Then change the model.
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Old 18-10-2019, 21:25   #248
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Re: House of Fraser in trouble...

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Originally Posted by pip08456 View Post
Then change the model.
Somehow l cannot see them doing that.
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Old 21-10-2019, 23:18   #249
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Re: House of Fraser in trouble...

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Originally Posted by pip08456 View Post
Then change the model.
If you're in administration you can't - it's the administrators - typically accountancy firms - who oversee the company on a super short-term basis in order to sell its assets.
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Old 22-10-2019, 06:29   #250
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Re: House of Fraser in trouble...

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Originally Posted by 1andrew1 View Post
If you're in administration you can't - it's the administrators - typically accountancy firms - who oversee the company on a super short-term basis in order to sell its assets.
l think pip is talking about changing the model before administration Andrew.
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Old 22-10-2019, 11:32   #251
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Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
l think pip is talking about changing the model before administration Andrew.
Correct.
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Old 25-10-2019, 10:25   #252
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Re: House of Fraser in trouble...

Quote:
Quote from The Sun:
The owner of hairdressing chain Supercuts has gone into administration putting 1,200 jobs at risk.

Deloitte says it's been appointed as an administrator for Regis UK and International Beauty Limited.

Regis UK operates around 220 hairdressing salons around the UK, primarily under the Regis and Supercuts brands and employs around 1,200 people in total.

But Deloitte says the salons will continue trading as normal while "options are explored".

It adds that no redundancies or store closures are being announced yet.
There was me thinking that hairdressing was a growth industry.
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Old 25-10-2019, 10:54   #253
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Re: House of Fraser in trouble...

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Originally Posted by heero_yuy View Post
There was me thinking that hairdressing was a growth industry.
Around here "Turkish Barbers" keep appearing. What's the difference? Is it just the owners are Turkish or is there a difference is style?

The other growth groups are tattoos and vape shops. Neither of interest to me.

Traders to stay open need that "value add" but how to do that in a way that you don't the work and the punter still goes online to get the same item cheaper.
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Old 25-10-2019, 11:07   #254
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Re: House of Fraser in trouble...

Turkish barbers tend to do shaves as well.
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Old 25-10-2019, 11:14   #255
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Re: House of Fraser in trouble...

Don't they wrap your head on hot damp towels as well?
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