Comment on: Insiders fear for Beales’ future
Andrew Perloff / Panther securities own 14 of the freeholds (mainly the smaller market towns sites) The rent on these are around £800k per annum (panther securities accounts) , I would of thought he would be quite keen on keeping these occupied in some form as otherwise he would be paying the rates anyway? how about a 100% concession model ?
I asked at the last AGM (while still listed) about the store strategy the management at that time where still maintaining all stores were profitable and leases were flexible. A real shame and completely avoidable two years ago they had £10 million in the bank !
Comment on: Four forces redefining the high street
Let’s not forget Philip day bought JV brands and very opportunistic takeover of Bon Marche ! in selby (small town in Yorkshire) he has a EWM , peacocks and Bon Marche the only other chain store is a small new look bordering on a monopoly !
Comment on: Fears mount for Bonmarché
Paul Mumford , of Cavendish asset management describes management in one word "incompetent" pretty well sums it up.
Philips Day’s offer is very opportunistic, BM have made some mistakes on product and operationally over the last year but these can be easily remedied, Basically a good business.