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Discussion in 'General Discussion' started by whhistle, 22 Mar 2018.
no idea. If it is they may be more susceptible to closing down.
The one in Dudley changed to a brand named The Deal Maker at least two years ago
Apparently Cash Convertors are a franchise based operation. And recession-proof if their website is to be believed
Sainsburys in Scotland stock them .
Home bargains and B n m seem to take the stock that has been discontinued or near date
Patisserie Valarie it would seem: https://www.bbc.co.uk/news/business-45805647
It’s a profitable company. I’d expect it to continue. It’s not that big though so could become a target of an investment fund.
But are the accounts accurate? It is subject to a fraud apparently, maybe that will bring it down. I hope it stays though, I do like their Mielle-Feuille (so much so I spelt it right!)
HS2 Ltd - 4 non-exec directors leaving - well over budget by all accounts and running behind schedule
Noted in the weekend press that W H Smith have reported better than average growth ....(puts them off the list then..)
The unpleasant Luke Johnson is behind PV. I hope it survives for the sake of the people who work there but if there's skulduggery going on there in the boardroom and Johnson is collatoral damage from the fallout then PV's problems won't have been wasted.
They’ll be safe as houses. The share price will take a hefty dip when they are trading again (the shares were overpriced anyway), but they will be fine.
WHSmith is effectively split in two -travel stores (airports, railway stations etc) and town centre stores.
Profits in travel stores are up 7% and down 3% in other stores. Travel stores make 2/3rds of their sales and profits.
Many of their town centre stores now incorporate the Post Office. I imagine that's helping significantly.
They’ve announced this morning a drop in profits and store closures
So I noticed , well - someone got that wrong !
Or perhaps not. I stand (very humbly) corrected!
Perhaps not quite so safe,
It rather seems like some people have taken their eyes off the ball.
A rather careless 'owner', really.
Some really idiotic management if they go under considering the profit margin on tea/coffee. Although their stores seem to be in more premium locations so I imagine the rents reflect that.
Bet Mike Ashley is getting ready to pounce...
Possibly not a company used much by forum members?
He looks like he's already a regular customer.
B&M bought Heron Foods for £152m recently - and they are starting to increase the range of frozen food in the B&M stores.
Just heard on radio in same bulletin mentioned Coast they expect Patisserie Valerie to enter administration tomorow
Awful for Patisserie Valerie employees, but I don’t think that very many independent tea rooms up and down the land will shed a tear.
Although PV very much follows the pattern of over-expanded, investment-capital backed, limited shelf-life ‘concepts’, I suspect that their impact on small businesses in the provincial towns in which they opened will have been rather more compromising than, say, a Jamie’s or a Prezzo.
PV is one of those places where I've often peeked in through the window as I walked past, and thought "ooh, that looks nice..." but I never actually went in or bought anything. I could see the appeal though, with a vibe of "Pret, but for desserts" about it. The ones in Leeds and Huddersfield always seem reasonably busy, so if that's anything to go by then it seems the boardroom shenanigans have been more of a problem than the business model itself.
Looks like Luke Johnson will lose some of his £260m fortune with PV's demise. Shame for the people who work there but no one will shed tears for him.
Supercuts in trouble now:
If WHSmith were to do a Woolworths and go bust one day, then that would lead to a number of towns no longer having a Post Office counter. That would make the PO's branch outsourcing plan look rather foolish.
Not really, other chains/outlets would apply for the PO counter instead.
Yes they would. They'd have to apply for the counter, install the counter and computer systems, train the staff, etc. And how long would all that take? When companies go bust, they often do so quite quickly and with little warning.