Money, investing, mutuals etc
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Kelantan
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by Kelantan » Sun Apr 07 2019 4:27pm
pabenny wrote: ↑Wed Apr 03 2019 10:36am
Boots must rank as one of the most trusted and relied on chains in the country and not particularly vulnerable to online competition. They successfully re-focussed the business into health and beauty (who remembers them selling records, kitchenware, audio and photography, toys?). They're a survivor.
But very expensive compared to many other stores and not particularly convenient to visit as most (if not all) of their sites are High Street, prime shopping locations. As someone who shuns crowds or high footfall areas. It is not somewhere I am likely to go to.
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Constantine
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by Constantine » Sun Apr 07 2019 6:32pm
William Joseph1 wrote: ↑Sun Apr 07 2019 3:17pm
It is very doubtful, although not impossible that the independent Co-ops will ever give up their mutual status. They are more likely to be absorbed into the CWS or the Co-op group.
No, it's the Co-operative Group (CWS) Ltd.
http://www.company-histories.com/Cooper ... story.html
The CWS and the CRS merged in 2000. There is only one Co-Op group and a few surviving regional Co-Ops that have a trading relationship with the big one.
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planteria
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by planteria » Sun Apr 07 2019 9:37pm
William Joseph1 wrote: ↑Sun Apr 07 2019 3:17pm
It is very doubtful, although not impossible that the independent Co-ops will ever give up their mutual status. They are more likely to be absorbed into the CWS or the Co-op group.
i tend to agree, although CWS and The Co-op Group are the same thing, and word around the Midlands campfire is that there's no appetite for mergers.
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Boro Boy
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by Boro Boy » Mon Apr 08 2019 12:35am
Yeap, I agree; I said earlier that the Co-op structure is confusing and the effects of implying their policy differs across regions - but I guess as you explained earlier "they are different companies" but under one banner!
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pabenny
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by pabenny » Tue Apr 09 2019 10:28am
Of course he may be taking the view that buying out of administration may be a lower cost way of taking control.
I'm far from convinced there is a space in today's retail scene for the mass-market department store like Debenhams.
Harvey Nicholls and Selfridges are up market and have restricted themselves to a handful of stores. House of Fraser might have survived if they had shut stores earlier and gone for the same territory, maybe using their strong local brands such as Kendals in Manchester and Rackhams in Birmingham.
John Lewis is a different beast altogether, with their greater weight towards homeware, furnishings and electricals.
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Boro Boy
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by Boro Boy » Tue Apr 09 2019 11:28am
Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start?
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blythburgh
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by blythburgh » Tue Apr 09 2019 12:15pm
Boro Boy wrote: ↑Tue Apr 09 2019 11:28am
Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start?
New start, shareholders lose everything and the lenders now own company which will continue to trade. What happens to any gift cards I do not know at present but suspect they will not be honoured. If the odious Ashley had bought the company then they certainly would not have been.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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Kelantan
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by Kelantan » Tue Apr 09 2019 12:53pm
blythburgh wrote: ↑Tue Apr 09 2019 12:15pm
Boro Boy wrote: ↑Tue Apr 09 2019 11:28am
Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start?
New start, shareholders lose everything and the lenders now own company which will continue to trade. What happens to any gift cards I do not know at present but suspect they will not be honoured. If the odious Ashley had bought the company then they certainly would not have been.
I think HOF were honoured.
The stores will continue to trade as normal and administrators have confirmed to the BBC that customers will be able to spend any gift cards that they already have.
https://www.bbc.co.uk/news/business-47864580
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