Companies going bankrupt/into administration

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fuzzy
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Post by fuzzy »

https://www.telegraph.co.uk/business/20 ... t-failure/

BonMarche, who were very widespread with no distinctive brand. I know women who liked it, and they are not 50+ as the article claims. Just more container cargo from abroad, with greedy owners trying to extract the most.
raspberry-blower
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Post by raspberry-blower »

QuickQuid are Quick Skint
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adam2
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Post by adam2 »

Looks as though a major shopping center operator are about to bust.
And remember that most of their troubles pre-date the coronavirus epidemic.
The recent plague induced downturn is probably not reflected in the figures, which will only get worse.

https://www.bbc.co.uk/news/business-51851791
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raspberry-blower
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Post by raspberry-blower »

Judging by the share price slump Finbalr is a goner - again it had been experiencing cash flow problems that predate Covid 19
A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.
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adam2
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Post by adam2 »

Looks as though Laura Ashley are almost gone.
https://www.bbc.co.uk/news/business-51927691
Sad for the employees but not exactly a vital business.
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adam2
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Post by adam2 »

BrightHouse now bust.
https://www.bbc.co.uk/news/business-52090976

I always felt that they were rather dodgy, not QUITE as bad as payday loans, but perhaps rather similar.
So no great loss.
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adam2
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Post by adam2 »

Carluccios also bust.
I suspect that many more similar firms will fail. Even when they are allowed to re-open, some customers will lack the money to eat out, and others may be nervous regarding lingering infection risks.

https://www.bbc.co.uk/news/business-52093585
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adam2
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Post by adam2 »

Debenhams "about to appoint administrators"
https://www.bbc.co.uk/news/business-52156457
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BritDownUnder
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Post by BritDownUnder »

It is being reported in Australia that the airline Virgin Australia is declaring voluntary administration as a result of it not being able to run flights anymore. I don't suppose it will be of too much interest to people in the UK. I had only one flight on this airline and I think it managed to turn a three hour trip to New Zealand into a fifteen hour ordeal.

I believe that the bearded Neckar Island dwelling individual (who professes that he is living there just for the weather not to save income tax in any way) has no association with this airline anymore.
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boisdevie
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Post by boisdevie »

Casual Dining Group, which owns the Bella Italia and Café Rouge restaurant chains, warned it was headed into administration – casting doubt over the future of its 250 restaurants.
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Post by kenneal - lagger »

There were too many restaurants before covid so having a clear out now will mean that there will be more restaurants making a decent profit when things pick up in a few years. Means less demand for migrant labour as well.
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raspberry-blower
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Post by raspberry-blower »

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.
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BritDownUnder
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Post by BritDownUnder »

raspberry-blower wrote:Indy: Hertz filing for bankruptcy
As a Hertz Gold Card* holder I can tell you that I am beyond inconsolable about this. How will I ever rent a vehicle again? Oh woe is me.

* I am not sure what benefits, if any, this card gave me.
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Mark
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Post by Mark »

Specialist Leisure Group collapses into administration:
https://www.bbc.co.uk/news/uk-england-m ... r-52776657

Shearings probably won't mean much to folks south of Watford Gap...
Basically, coach holidays for the over 50s - cheap and popular, but I suspect not highly profitable...
Might have come back into it's own with the restrictions on flights ?
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Post by kenneal - lagger »

There were always a few Shearings coaches to be seen on the A34 and M4 south of Watford Gap.
Action is the antidote to despair - Joan Baez
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