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Companies That You Expect to Disappear Soon

LOL The Irony

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A very good hamburger restaurant which to my regret disappeared from near anywhere that I live many many years ago.
Weren't they bought out by Burger King or someone similar so most became them. Or was it Nandos?

Edit: I completely made that up. Still can't figure out what happened.
 
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tony_mac

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Weren't they bought out by Burger King or someone similar so most became them. Or was it Nandos?
Edit: I completely made that up. Still can't figure out what happened.
No, you were right the first time. Wimpy had both table-service restaurants and counter-service fast food. The latter did become Burger Kings, but the restaurants kept the Wimpy brand.
 

OwlMan

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No, you were right the first time. Wimpy had both table-service restaurants and counter-service fast food. The latter did become Burger Kings, but the restaurants kept the Wimpy brand.
Sort of - full story below
Wikipedia
In July 1977, the business was acquired by United Biscuits.[14] By the end of the 1980s, Wimpy was beginning to lose ground to McDonald’s, which had opened its first restaurant in the country in 1974, and so the new management of Wimpy began to streamline the business, by converting some of the traditional table service restaurants to counter service. When United Biscuits decided to divest its restaurant division in 1989, it sold the business to Grand Metropolitan (now Diageo). At the time of the sale, there were 381 locations in the United Kingdom. Grand Metropolitan had acquired Burger King the previous year, and it began to convert the counter service restaurants to Burger King since it had a greater global brand recognition.[15]
In February 1990, the remaining 216 table service restaurants were purchased by a management buyout, backed by 3i.[16] These were locations that were considered less desirable by Grand Metropolitan. At the time of the buyout, there were also 140 franchised locations outside of the United Kingdom. In October 1999, Wimpy rolled out a chain of restaurants known as Dr. Beaks, to take on brands such as KFC.[17]
A second management buyout occurred in May 2002, backed by the Bank of Scotland.[18] At the time of the sale in 2002, there were approximately 300 locations in the United Kingdom and Ireland.
On 27 February 2007, Famous Brands, which owns the Wimpy franchise in South Africa, announced that it had acquired Wimpy UK.[21][22] Having acquired the brand, Famous Brands has rebranded Wimpy in the United Kingdom, to bring it in line with Wimpy South Africa. The "new" logo is actually the one used by Wimpy UK from the 1960s until the 1980s. In November 2009, Famous Brands began to upgrade its 170 locations in the United Kingdom to resemble United States-style diners.[23] As of March 2019, only 67 restaurants remain in the United Kingdom,
 

DavidGrain

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News today looks like Debenham's about to go into administration. Indications are that it will be a 'pre-pak' with a buyer already lined up to buy the business off the administrator.
 

nlogax

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It’s got to be, he’s spent weeks trying to buy it!

Er, not sure how anyone would come to that conclusion. Ashley / Sports Direct has just lost its 30% stake with Debenhams preferring the idea of going into administration over Ashley's offer of a £150m interest free loan with the caveat of him becoming chief exec.
 

Dai Corner

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Er, not sure how anyone would come to that conclusion. Ashley / Sports Direct has just lost its 30% stake with Debenhams preferring the idea of going into administration over Ashley's offer of a £150m interest free loan with the caveat of him becoming chief exec.

But now he could buy the remaining 70%, possibly for next to nothing, without the liabilities.
 

richw

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Er, not sure how anyone would come to that conclusion. Ashley / Sports Direct has just lost its 30% stake with Debenhams preferring the idea of going into administration over Ashley's offer of a £150m interest free loan with the caveat of him becoming chief exec.

But now he can get the lot for reduced debt and reduced price
 

nlogax

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But now he can get the lot for reduced debt and reduced price

Ashley has already lost £150m with his 30% stake that went up in smoke this morning. Highly unlikely he'll keep up the pursuit now, even with his deep pockets and prolonged campaign to buy what little remains of UK high streets.
 

Journeyman

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A very good hamburger restaurant which to my regret disappeared from near anywhere that I live many many years ago.

I visited the one in Dorking last year, when I was down there for work. First time I'd had one in about twenty years! They still have that weird thing made out of the Frankfurter, the (chortle) "Bender".
 

Kite159

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The latest casual dining chain has sadly gone, the chain owned by Jamie Oliver. :(

Celebrity chef Jamie Oliver has said he is "devastated" after his restaurant group went into administration, with 1,000 jobs being lost.

The group, which includes the Jamie's Italian chain, Barbecoa and Fifteen, has appointed KPMG as administrators.

More - https://www.bbc.co.uk/news/business-48352026
 

Iskra

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The latest casual dining chain has sadly gone, the chain owned by Jamie Oliver. :(



More - https://www.bbc.co.uk/news/business-48352026

I feel for the staff involved, but not Mr Oliver, who I have zero time for: pompously lecturing the world on healthy eating from his ivory tower.

His restaurants were just another mediocre, overpriced, bland chain Italian, which I for one will not miss.
 

FQTV

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The latest casual dining chain has sadly gone, the chain owned by Jamie Oliver. :(



More - https://www.bbc.co.uk/news/business-48352026

I think that Jamie Oliver's own (reported) cash injection last year was the only thing that kept the remaining branches open, even after a whole swathe had already closed. Were it not for that, it would have gone a lot sooner.

The whole casual dining sector is dying on its feet, especially in the provinces, and more casualties will undoubtedly follow.

High streets and shopping centres that have fallen for/driven the hype surrounding these venture capital-backed, often celebrity-endorsed, factory-prepped, on-site heated 'concepts' are likely to see even more voids soon.

Worryingly, some centres are still being redeveloped specifically with these kind of chains in mind.
 

hexagon789

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The latest casual dining chain has sadly gone, the chain owned by Jamie Oliver. :(



More - https://www.bbc.co.uk/news/business-48352026

I think that's been coming for a while, none of his restaurants ever seemed busy even at peak times and if you can't get the customers in it stands to reason you aren't going to make enough money to even meet costs let alone make a profit.

I think also there are simply too many restaurant chains and they are all competing against each other, eventually more will probably go bust until the number is thinned to a more sustainable level. Then more chains will start up and the process will repeat itself...
 

Iskra

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I think that Jamie Oliver's own (reported) cash injection last year was the only thing that kept the remaining branches open, even after a whole swathe had already closed. Were it not for that, it would have gone a lot sooner.

The whole casual dining sector is dying on its feet, especially in the provinces, and more casualties will undoubtedly follow.

High streets and shopping centres that have fallen for/driven the hype surrounding these venture capital-backed, often celebrity-endorsed, factory-prepped, on-site heated 'concepts' are likely to see even more voids soon.

Worryingly, some centres are still being redeveloped specifically with these kind of chains in mind.

I agree, we will see more casualties.

The trend seems to be towards restaurant/take away delivery for the price conscious consumer. Providing your own supermarket bought drinks saves a fortune and avoids service charges. Alternatively cooking yourselves can save a fortune and you can often do it faster, fresher and better than what most of the generic chains can achieve.
 

Kite159

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I think that's been coming for a while, none of his restaurants ever seemed busy even at peak times and if you can't get the customers in it stands to reason you aren't going to make enough money to even meet costs let alone make a profit.

I think also there are simply too many restaurant chains and they are all competing against each other, eventually more will probably go bust until the number is thinned to a more sustainable level. Then more chains will start up and the process will repeat itself...

And with disposable income for some people getting squeezed due to the rising costs of other bits, reducing or ditching the casual dining is an easy way to cut back on non-essential outgoings.

I feel sorry for the staff
 

hexagon789

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And with disposable income for some people getting squeezed due to the rising costs of other bits, reducing or ditching the casual dining is an easy way to cut back on non-essential outgoings.

I feel sorry for the staff

It is a shame but I doubt we've seen the last of this somehow.
 

underbank

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I feel sorry for the "good" staff. Unfortunately, my experience was of staff who couldn't give a toss, couldn't get the order right and then charged the wrong amount. A fairly unpleasant experience that ruined a day out. It's not as if the place was busy either, but the staff seemed to be more interested in gossiping and looking at their phones than serving the customers.

But sadly, that's a regular occurrence with most of the current dining chains - Frankie & Benny is another one where customer service had deteriorated over the years.

Someone needs to knock some sense into these chains that they're a "customer service" industry and they'll go under if they just drive customers away with poor service.
 

thejuggler

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I remember queuing to get into Jamie's when it opened in Leeds, but this was quite a few years ago when the food offer in Leeds wasn't what it is now.

A friend was just coming out and gave it a 5 out of 10. We waited and had a similar experience. We went back once again a couple of years ago to take advantage of a good offer at lunchtime.

However with competition opening every week repeat business is difficult and new diners aren't prepared to pay £50-100 for a single meal for two, money is tight for most 25-30 year olds.

A Gino di Campo opened opposite Jamie's, tried that once, terrible experience in every way so we have never been back.
 

al78

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I feel for the staff involved, but not Mr Oliver, who I have zero time for: pompously lecturing the world on healthy eating from his ivory tower.

His restaurants were just another mediocre, overpriced, bland chain Italian, which I for one will not miss.

If his advice was sound then what is the problem with him giving it out, unless it was given out in a sanctimonious manner? I tire of all this "Ivory Tower" nonsense by people who can't bear to consider one or more of their lifestyle choices are sub-optimal in some way, and are driven by cognitive dissonance to try and demonise the adviser. The logical thing to do is consider the advice and if it is solid, follow it. From the little I have heard (Yahoo comments section, so could be any old rubbish), his restaurants weren't that great, but charged high prices where decent food could be got elsewhere for significantly less. If you are going to charge a premium for your products/services, you'd better make sure the product/service matches the price, shoving a high profile name on it isn't sufficient.

Looks like British Steel has now collapsed.
 

jon0844

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I agree, we will see more casualties.

The trend seems to be towards restaurant/take away delivery for the price conscious consumer. Providing your own supermarket bought drinks saves a fortune and avoids service charges. Alternatively cooking yourselves can save a fortune and you can often do it faster, fresher and better than what most of the generic chains can achieve.

I am not sure more people are going to start cooking at home, but I am absolutely sure more are using Just-eat and the like to order in than pay the higher price to eat out, with service charges and inflated costs for starters and drinks.
 

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