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Crashing Companies

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On 20/07/2023 at 15:13, Imelda said:

Wilko circling the drain

 

https://news.sky.com/story/wilko-owners-explore-sale-in-race-to-salvage-chains-future-12924086

 

Given the steep downward trajectory of my local store over the last few years I can't say I'm surprised. I hope they get bought-out and turned round by people who know what they're doing.

 

Wilkos takes a step nearer

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Clintons (not exactly strangers to struggle over the last few years) are looking closer than ever to doing a Wilko

 

https://www.theguardian.com/business/2023/aug/04/card-retailer-clintons-looking-to-close-a-fifth-of-stores-to-avoid-going-bust

 

Perhaps if actually stocked some half decent cards at sensible prices, they wouldn't be in this mess. No wonder Card Factory wipe the floor with them.

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Really sad about this. Wilko was somewhere you could rely on getting decent quality goods at a reasonable price, and there was some consistency, unlike the likes of B&M, Home Bargains or Poundland where you never really know what you're going to find on the shelves.  At least with Wilko if you bought something and liked it you could buy it again. 

I liked it not being out in some godforsaken "retail park" as well.

And they used to play really good music* in there, although that stopped in recent years.

 

*That means music that was to my taste.

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Court declares bankruptcy of Livraria Saraiva, which was once the largest bookstore in Brazil, founded in 1914
Judge indicated that the judicial recovery plan was not complied with, a debt of R$675 million.

https://www.infomoney.com.br/mercados/justica-decreta-falencia-da-saraiva-sled4-que-ja-foi-maior-rede-de-livrarias-do-brasil/

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On 18/10/2023 at 07:32, Bentrovato said:

Sara Lee getting its just desserts. Never liked their products. Sara Lee goes into administration: Iconic frozen dessert company crumbles after 50 years (msn.com)


They were in receivership or summat a decade ago; I’m surprised it took this long.

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WeWork files for bankruptcy in the US, which affects the company's business in the US and Canada.

 

WeWork forced to file for bankruptcy in the US

 

Ousted founder Adam Neumann's comments on the situation are amusing at best, as I'm sure it is "disappointing" and "challenging for me to watch" on top of the pile of money he was sent off with back in 2019.

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On 07/11/2023 at 09:41, Evil Grimace said:

WeWork files for bankruptcy in the US, which affects the company's business in the US and Canada.

 

WeWork forced to file for bankruptcy in the US

 

Ousted founder Adam Neumann's comments on the situation are amusing at best, as I'm sure it is "disappointing" and "challenging for me to watch" on top of the pile of money he was sent off with back in 2019.

 

 

Fill yer boots if you're unaware of Neuman's story, here - https://www.bbc.co.uk/sounds/play/p0gbs00v

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1 hour ago, Imelda said:

Pontins looks like they will be taking a permanent holiday before long

 

https://www.bbc.co.uk/news/uk-wales-67589538

Pontins is owned by the UK's favourite Hoteliers, Britannia, so investment has been minimal for the past decade. Rumour has it that these two camps are being leased to the HO for refugees (though Prestatyn isn't exactly convenient for such).

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2 hours ago, time said:

Pontins is owned by the UK's favourite Hoteliers, Britannia, so investment has been minimal for the past decade. Rumour has it that these two camps are being leased to the HO for refugees (though Prestatyn isn't exactly convenient for such).

The home office have tonight denied that rumour. 

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Smile Direct Club customers have nothing to smile about.

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Not a crashing company per se, rather a crashing industry concept that Sir Creep has said won’t work without putting the infrastructure first, and here we are seeing his bold statement coming to fruition, as Ford Motor HALVES it’s production of EVs (amid changing its overall EV strategy) because nobody wants that shit.  

 

https://www.detroitnews.com/story/business/autos/ford/2023/12/11/ford-decreasing-f-150-lightning-production-dearborn/71884587007/

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