Tom
Tom
Looks like the US ones are going to be closed as well. Plus some in Europe and others may be sold.
ToysRUs founder passed away aged 94.
http://www.bbc.com/news/world-us-canada-43505064
Interesting sentence here:
“Earlier on Thursday, the company announced it would suspend the liquidation sales of hundreds of its stores due to “unforeseen circumstances”.”
I can’t find anything that says what these “unforeseen circumstances” are.
Also a bid to save the US stores.
Smyths Toys are buying the Swiss, German and Austria stores.
PoundWorld latest to enter admin.
https://www.bbc.com/news/business-44436435
Is it me or are most of the failing companies being run by so-called investment firms?
I've worked for a few companies that have been bought by 'asset management' companies, what they get away with is criminal
Yeah, happened to Ilford here in Switzerland, raided the pension fund and got away with several mil.
Another company going into admin which is owned by a private equity company.
https://www.bbc.com/news/business-44870789
Something stinks methinks.
Companies go bankrupt all the time. Specially restaurants. Some so quickly, I don't even have time to try them out.
Last of Poundworld’s stores to close too.
Jamie’s restaurants are closing as well.
https://www.bbc.com/news/business-48352026
And British Steel on the verge of administration too.