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Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan


Kaizero
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Debenhams sounds doomed from the start. HOF seems like it could withstand some time?

 

Problem HOF has is the equivalent of the likes of Moncler, Canada Goose etc pulling out of Niemanns for financial reasons. HOF is perilously close to having lost all credibility.

 

HOF has taken to replacing suppliers with credible brands with Donnay socks and Lonsdale trackies now as that’s the only party in Mike Town.

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i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa

 

House of Fraser and Debenhams are both "traditional UK Department Stores". In a Department Store you can usually find anything you want to buy, in their original concept they are 'retail worlds in themselves'. In the UK the remaining (more successful) main Department Store Groups are 'John Lewis', 'Fenwick', 'Selfridges', and 'Harvey Nichols'.  House of Fraser Department Stores and Debenhams Department Stores have also been very successful, until the last five years or so. It will be sad if we lose either (or both) of these traditional "Department Store" groups.

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He buys tens of millions of pounds worth of bankrupt stock at an absolute fraction of its retail value then sells at retail. In HOF case he bought stock that had already been sold online dirt cheap then just sells it again the crooked devious bastard

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I never understood what his strategy was. Buying into failing things is only good if you can avoid their debts and turn them around. If they just continue to be shite I don’t see how you make any money.

 

he buys cheap stock. he will acquire the properties for a fraction of their value and won't have any of the pensions liabilities. he will make fortunes out of each one. Again!

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Sick of this not a bad bloke crap so it doesn’t bite the heads off kittens and wipe his arse with orphans. Superficial charm. He’s overseen a shitshow here and his warehouses. Built it up from treading on the backs of the poor and desperate. Anyone ‘mates’ with him is probably a cunt too.

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Sick of this not a bad bloke crap so it doesn’t bite the heads off kittens and wipe his arse with orphans. Superficial charm. He’s overseen a shitshow here and his warehouses. Built it up from treading on the backs of the poor and desperate. Anyone ‘mates’ with him is probably a cunt too.

 

:lol: Absolutely. Everyone he associates with is a piece of shit. Not necessarily due to their connection to him; they just are - all the ones we know of anyway. Llambias, Kinnear, Wise, Kelmsley, Jiminez, Gray, Keys - whoever else: all certified wankers even without the Ashley connection.

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