Comment on: Next HQ and warehouses up for sale
I would of thought now is the absolute worst time to be selling commercial property , shows how bad things are getting !
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.