Two more retail companies look doomed

[TinFoilHat]

I've got a couple of Avon parties lined up next week

 

[mexico1970]

WTF!!!

:)

 

[dickie davies]

Not a retail company, but certainly a famous household brand

Tupperware have filed for bankruptcy

 

[gordondaviesmoustache]

That is mental!

 

[BimboBob]

He got stuffed with way more than that

Kicking me out at 2am, disorientated, on a dark, dusty street...sounds like a Bob Seger song. And I woke up covered in blood.

 

[idahoblues]

Kicking me out at 2am, disorientated, on a dark, dusty street...sounds like a Bob Seger song. And I woke up covered in blood.

But with a wry smile on your face

 

[i kne albert davy]

Not a retail company, but certainly a famous household brand

Tupperware have filed for bankruptcy

Should we have a party :-)

 

[idahoblues]

Should we have a party :-)

Musty knows the format

 

[Bill Walker]

Australia is usually 10 years behind so enjoy them while you can.. :-)

More like 20 mate..

 

[gordondaviesmoustache]

Before Waxy O’Connor’s opened in Soho the mid-90s the TGI unit at Haymarket took more money than any licensed venue in the country. It used to comfortably take six figures a week in the early nineties, which was an astonishing sum of money back then. In relative terms that’s more than the Manchester and Birmingham Schloss each takes now.

Visited quite a few up and down the country up to about twenty years ago, but as others have said they became increasingly expensive for what they were. Went with my dad to the one next to Wembley after the Cup final last May and was shocked at the cost versus the quality on offer. It was nearly as disappointing as the game!

So not altogether surprising really, but I think it could survive in a smaller format. They’ll have some poorly performing units with huge rents which will have dragged the rest down, so I think the IP will most likely fuck those off and maybe sell the good units (of which there are several) as a job lot in the current format, give or take. Think there’s still probably a market for the brand, albeit in a slimmed down form.

TGI Fridays: 1,000 UK jobs to go despite rescue deal

The deal to save the chain will see more than 30 of its restaurants close.

www.bbc.co.uk

As I expected the underperforming units have been fucked off and the decent ones retained within the brand.

Interesting the Birmingham Hagley Road one has gone, as that was the first to open in the UK in the ‘80s, but that strip is nowhere where it was at its pomp, and I’m therefore not altogether surprised. Expect it will be a shisha bar before the year is out!