Jump to content
DOSBODS
  • Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

Debenhams:Death spiral?


sancho panza
 Share

Recommended Posts

On 09/04/2019 at 13:32, spunko said:

Nobody seems to be linking the imminent death of Debenhams with high rents. Another business casualty caused not only by changing customer tastes , but also by government props on housing market.

From what I recall Debs owned a lot of their own property, then the PE scum came in and did the old sell it off cheap to their mates and have Debs lease it back at above market rent. Just one of many tools they used to suck Debs dry.

  • Agree 3
Link to comment
Share on other sites

On 13/04/2019 at 09:51, gibbon said:

From what I recall Debs owned a lot of their own property, then the PE scum came in and did the old sell it off cheap to their mates and have Debs lease it back at above market rent. Just one of many tools they used to suck Debs dry.

Pretty much.

And pretty much how PE works now.

In the past it was useful when dealing with bloated, undpfocused conglomerates.

Now, few uf any comoanies are bliated; bkoat only exist in public sector.

All PE does is leverage up then flip company to stock market.

Deb and AA means PE floats are, rightly, treated as junk.

Can anyone name a PE float where tge comoany is worth more 5 years down the line?

Link to comment
Share on other sites

Castlevania
6 minutes ago, spygirl 🏆 said:

 

Can anyone name a PE float where tge comoany is worth more 5 years down the line?

WorldPay 

Hostelworld (although they strangely paid off all the debt before they floated, so are debt free)

Link to comment
Share on other sites

26 minutes ago, Castlevania said:

WorldPay 

Hostelworld (although they strangely paid off all the debt before they floated, so are debt free)

Ill semi give you Worldpay.

It did well as it was forced  out of RBS and there was no fixed assets to leverage up and fuck over. 

Link to comment
Share on other sites

22 hours ago, spygirl 🏆 said:

Pretty much.

And pretty much how PE works now.

In the past it was useful when dealing with bloated, undpfocused conglomerates.

Now, few uf any comoanies are bliated; bkoat only exist in public sector.

All PE does is leverage up then flip company to stock market.

Deb and AA means PE floats are, rightly, treated as junk.

Can anyone name a PE float where tge comoany is worth more 5 years down the line?

Does anyone know the state of Debenhams pensions? I'd imagine this huge pot has been already raided by PE and the lid will be blown soon?

Link to comment
Share on other sites

51 minutes ago, gibbon said:

Does anyone know the state of Debenhams pensions? I'd imagine this huge pot has been already raided by PE and the lid will be blown soon?

They are 93m in surplus. pretty good when most deficts are down to low bond yields, which will be resolved soonish.

https://www.pensionsage.com/pa/Debenhams-pension-surplus-hits-91-5m-despite-profits-battering.php

Fortunately, Debs were spared the whole fat bloke finance fucktards of ashley, Green Hunter et al, and their 'optimised' operations.

 

Link to comment
Share on other sites

  • 4 weeks later...
  • 5 months later...
longtomsilver
On 15/04/2019 at 19:44, spygirl said:

https://www.thescarboroughnews.co.uk/news/scarborough-s-brunswick-shopping-centre-appoints-new-manager-1-9711755/amp

Brunswick features 31 shops with brands including Debenhams, Next, New Look, Topshop and Bonmarché.

All bar Next are in various forms of bust.

Bonmarché collapse: Almost 2,900 jobs at risk as high street chain goes into administration.

300 stores; last year profits fell to £5.5million (from £8million) or £18,000 per store. That'll be 8 part-timers temporarily  off the Universal Credit merry go round and 1 full-time manager less each reporting into the CEO who earned £450k per annum, circa 5% of the business capital.

  • Agree 3
Link to comment
Share on other sites

  • 5 months later...



Debenhams closes stores in UK and Ireland Jonathan Eley reports Debenhams, the UK department store chain, said it would close its UK and Irish stores from the end of Monday. "We hope to be able to reopen as soon as is practically and safely possible. In the meantime, our customers will continue to be able to shop with us online," the group said in a brief statement. The group has around 130 stores in the two countries. Its decision follows that of John Lewis, which announced its 50 stores would close over the weekend. Kingfisher is keeping its B&Q and Screwfix stores open for now, but the UK government is suggesting that all non-essential stores may soon be ordered to close.

 

Yeah right.

 

Link to comment
Share on other sites

  • 2 weeks later...
On 18/10/2019 at 20:17, longtomsilver said:

Bonmarché collapse: Almost 2,900 jobs at risk as high street chain goes into administration.

300 stores; last year profits fell to £5.5million (from £8million) or £18,000 per store. That'll be 8 part-timers temporarily  off the Universal Credit merry go round and 1 full-time manager less each reporting into the CEO who earned £450k per annum, circa 5% of the business capital.

A lot of companies work on 40% margin and want to a few 100k of revenue per employee.

9 people per store, 2k/head profit. Jesus.

Link to comment
Share on other sites

On 09/04/2019 at 13:32, spunko said:

Nobody seems to be linking the imminent death of Debenhams with high rents. Another business casualty caused not only by changing customer tastes , but also by government props on housing market.

 Bank of England largely responsible too, destroying investment returns by pumping everything up with QE has encouraged the very worst of scrabbling for yield, this has been a disaster in highstreet rents, pushing up capital values and rents when in the face of the internet they should have been collapsing.

  • Agree 2
Link to comment
Share on other sites

2 hours ago, onlyme said:

 Bank of England largely responsible too, destroying investment returns by pumping everything up with QE has encouraged the very worst of scrabbling for yield, this has been a disaster in highstreet rents, pushing up capital values and rents when in the face of the internet they should have been collapsing.

It's not just rents it's also business rates 

  • Agree 1
Link to comment
Share on other sites

  • 4 weeks later...
Bedrag Justesen

Debenhams stores in Wales may not open when lockdown ends.

Welsh Government rate relief cut-off is £500k.

One Debenhams store is £500k exactly.

A lot of money to open the doors.

Can Wales afford a devolved government ?

https://www.northwalespioneer.co.uk/news/18433051.despite-best-efforts-five-debenhams-stores-close-good-1-400-jobs-risk/

  • Agree 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...