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Post by Deleted on Apr 26, 2016 5:08:40 GMT
Well it seems to be shaping up into another familiar tale as we begin to hear the details of the decline
and now likely demise of BHS,and a liability in its pension fund of over £571,000000 with the tax payer
poised to pick up the bill in the end.
Meanwhile a business is asset stripped with ownership of assets transferred,management fees and accounting
fees extracted dubiously,orders for super yachts placed and then the business sold for £1 in a "Get out Quick "
exit strategy.Its tough on the High Street they say,it looks alright for some from where I am sitting or perhaps
I have it wrong?
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Post by naughtyfox on Apr 26, 2016 8:29:08 GMT
Yes, you do have it wrong. You should have been the bloke who paid himself 400,000,000 Pounds.
Still, he's probably miserable - he doesn't even post here I bet. I bet nobody likes him at all. And he'll always be wondering if people spit in his champagne.
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Post by peterboat on Apr 26, 2016 8:35:46 GMT
We are waiting for the sale!! spotted some stuff we like and waiting
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Post by Deleted on Apr 26, 2016 11:11:13 GMT
Yes, you do have it wrong. You should have been the bloke who paid himself 400,000,000 Pounds. Still, he's probably miserable - he doesn't even post here I bet. I bet nobody likes him at all. And he'll always be wondering if people spit in his champagne. Can someone fetch a map because I,m lost. |
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Post by Deleted on Apr 26, 2016 11:12:43 GMT
We are waiting for the sale!! spotted some stuff we like and waiting I can imagine you trying to bid the price lower ha ha |
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Post by naughtyfox on Apr 26, 2016 13:25:44 GMT
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Post by Deleted on Apr 26, 2016 13:45:29 GMT
I knew all of this but why do you say I am wrong? |
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Post by naughtyfox on Apr 26, 2016 13:58:23 GMT
You said "perhaps I have it wrong" and I was merely hinting at, that if you had been the bloke who grabbed 400 million, then perhaps you would have 'got it right'.
Crossed meanings, that's all. Ignore this, and carry on...
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Post by naughtyfox on Apr 26, 2016 14:06:51 GMT
To add:
What do I know about BHS? Not much. I remember in the 1970s my dad being pleased and announcing that BHS had come back from the grave - although, of course, it couldn't have been the old one. He seemed to like BHS. My only experience of BHS is that they sell/sold quite good underpants 100% cotton (nowadays, and I think in the 1990s, Made in China).
And BHS has been a good place to go for the 10-items English breakfast; Harlow, Banbury, Oxford, Oxford Street in London have been visited (they're a bit slow in Banbury by the time you've got your tea your breakfast is not hot any more).
I haven't followed the recent story but I imagine it's the same as flogging off cheap cemeteries (Shirley Porter I think was that thief's name), British Gas, British Airways, British Telecom, etc. It's capitalism. In a similar vein as to Canalworld -> Thunderboat people shouted "Well then, start your own forum if you don't like it!".
May I suggest the (ex-)employees of BHS start their own department store chain?
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Post by smileypete on Apr 26, 2016 23:02:26 GMT
Hope they stick that slimy f**ker Green for as much money as possible.  |
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Post by Deleted on Apr 28, 2016 10:33:50 GMT
Hope they stick that slimy f**ker Green for as much money as possible. There is a wider issue with these Distress Sales of businesses such as BHS and even the current situation regarding Port Talbot.Who is doing due diligence on these mystery Indian bidders because what is in danger of happening is the Taxpayer picking up the Pensions Liability as it almost certainly will do at BHS and also being responsible for the clear up once these chancers have picked the carcass clean. We only have to look at what happened at Rover to see how these things can play out. |
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Post by Deleted on May 3, 2016 5:07:32 GMT
Well Mike Ashley of Sports Direct is being touted now as the saviour of BHS guaranteeing both No Job Cuts
and No Store Closures,How can anyone buying a distressed business such as BHS guarantee that ?
The Pension Defecit,how will that be addressed ?The mind boggles.
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Post by Deleted on May 15, 2016 20:53:06 GMT
A number of bidders have been told to improve their offers for BHS by Tuesday with administrators expected to
name the buyer within days.The £571 million pension deficit is to be absorbed by a government mandated rescue
fund.Who pays for the deficit ?
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Here's your map:
