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Mike Ashley -retail genius


spygirl

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(Declaration - I support NewU. Mike Ashley is a cunt).

Here's an earlier one:

http://news.bbc.co.uk/1/hi/business/562965.stm

Phil even helped UKGOV out

https://www.bbc.co.uk/news/uk-10961240

I guess Phil's the King of the world now. And multi billionaire.

FTAV on Ashley

https://ftalphaville.ft.com/2018/12/13/1544700169000/Mike-Ashley-is-the-plain-speaking-business-hero-we-need/

My personal opinion o Ashley and business is this:

He's one of the fat bloke finance crew, borrowing loads from post 2008 idiot banks.

He got lucky with, scaling up as he was able to a number of 3nd/3rd rate failed brands, export production to China/Asia, then put them in his shops, staffed by tax creditors and 0 hour workforce.

Hes fucked now as wages rise, the pound falls and the Yuan rises.

 

 

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On 14/12/2018 at 12:37, spygirl said:

(Declaration - I support NewU. Mike Ashley is a cunt).

Here's an earlier one:

http://news.bbc.co.uk/1/hi/business/562965.stm

Phil even helped UKGOV out

https://www.bbc.co.uk/news/uk-10961240

I guess Phil's the King of the world now. And multi billionaire.

FTAV on Ashley

https://ftalphaville.ft.com/2018/12/13/1544700169000/Mike-Ashley-is-the-plain-speaking-business-hero-we-need/

My personal opinion o Ashley and business is this:

He's one of the fat bloke finance crew, borrowing loads from post 2008 idiot banks.

He got lucky with, scaling up as he was able to a number of 3nd/3rd rate failed brands, export production to China/Asia, then put them in his shops, staffed by tax creditors and 0 hour workforce.

Hes fucked now as wages rise, the pound falls and the Yuan rises.

 

 

Hes looking at buying Debs, already took over HoF,...........owns sports direct....hardly logical moves.I agree with yor bity in bold.

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5 hours ago, sancho panza said:

Hes looking at buying Debs, already took over HoF,...........owns sports direct....hardly logical moves.I agree with yor bity in bold.

Reading his letter, it looks like hes trying to pay a backhander to Debs board to take it over.

Whats hes doing - Here's £30m for you - is fucking insane. He's avoiding increasing his stake but someone wants to invest in Deb.

Is it SD money? Is it his?

What exactly is he buying or thinks hes buying.

All nuts.

 

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5 hours ago, sancho panza said:

Hes looking at buying Debs, already took over HoF,...........owns sports direct....hardly logical moves.I agree with yor bity in bold.

No.

He picked up some HoF leases and stock after HoF went bust.

He's running them as shells. Ive never been in a HoF. Id guess his shoving SD stock into the buildings.

 

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8 hours ago, sancho panza said:

Hes looking at buying Debs, already took over HoF,...........owns sports direct....hardly logical moves.I agree with yor bity in bold.

He's made billions by turning round many failing companies. 

Clearly luck is a factor i.e. being born at the right time to ride the cheap labour of China

But with HoF the stock that he bought was supposed to be worth more than what he paid as the Evans Cycles.

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If he is truly "self made" and born in a council house then I respect how far he's come and how hard he has worked, tax credits and zero hours aside. Bezos arguably wouldn't be able to dominate in the UK either, if he couldn't find a shitload of gimmegrants to employ/exploit.

The problem with Mike Ashley for me is that he's too heavily involved in the High Street. It's dying, and the only online offering he has is sportsdirect.com which is shyte. Should have bought some ASOS shares years ago, or set up his own one.

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1 hour ago, spunko said:

If he is truly "self made" and born in a council house

He started off with one shop then allegedly got a loan from his parents to expand, thats self made imho ... hence why i can understand him not spending vast sums at Newcastle to compete with Arab states. (I had a season ticket at Newcastle in the 80s)

High Streets maybe dead but out of town retail parks seem chockablock full when i go to them.

https://en.wikipedia.org/wiki/Mike_Ashley_(businessman)

He  doesnt come across as a genius when interviewed but certainly the best British retailer at the moment by some distnce. Too add I've never heard of him ripping people off and doing shady deals in the same way as Phil Green is renowned .... or being reliant on taxpayer funded contracts like that bearded cunt who was born with a silver spoon aka Branson.

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Watched the first 15 minutes and he tore them a new one. The clueless MPs really have no idea about running a  company... well apart from getting a directorship in companies benefiting from state sponsored contracts.

 

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5 hours ago, sancho panza said:

You may not liek teh guy,but he tells MP's about the real world.

Makes you realsie how badly led we are.

 

Hes a twat.

But must mps are useless twats.

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  • 2 weeks later...
M S E Refugee

I don't mind Mike Ashley he certainly knows how to stick to greedy landlords he just pulls out of a building and then at the eleventh hour the landlord realises that nobody wants to rent their building then Ashley agrees to lease it at a more reasonable price.

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