Arcadia
- Thread starter Huddboro
- Start date
WoodallServices
Well-known member
Nothing to do with the £1.2billion he paid to his wife then?
BoroMart
Well-known member
Most businesses wouldn't be dipping into the pension fund, like he did with BHS, meaning that hard working staff are screwed out of their pensions, while he toddles off and laughs at it again.
Completely beat me to it. Loaded the company with huge amounts of debt and paid dividends based on rising profits. Utterly corrupt and he should lose his knighthood immediately.
ThePrisoner
Well-known member
He's a good old fashioned asset stripper. Horrible but totally legal.
WTF!
Active member
He is a scumbag of the highest order. Should have been struck off after BHS went down.
rumour is the pension fund is a basket case and millions in debt... two guesses why.
mad for those saying the business isn’t viable... you’re right but COVID is just the tip of the iceberg... it’s been a mess for 20 years... just like Debenhams it hasn’t kept with the times.
rumour is the pension fund is a basket case and millions in debt... two guesses why.
mad for those saying the business isn’t viable... you’re right but COVID is just the tip of the iceberg... it’s been a mess for 20 years... just like Debenhams it hasn’t kept with the times.
Sheriff_John_Bunnell_ret
Well-known member
I am mourning the loss of topman. No wonder people dress so badly if they buy everything on line.
Foggysfplandiet3
Well-known member
I hear he is on his yacht in Monaco at present, hopefully he will do a Cap’n Bob.
C
Cooper671
Guest
You only have to look at him to see is an arrogant tosspot of the highest order
Foggysfplandiet3
Well-known member
I remember shopping at Lord John in the late 70s. Loved their stuff. I was in the Madison one night when I saw the bloke who worked at Lord John who regularly served me so I said hello. The lass I was with said, “Who was that?” and to impress her I replied.....
”oh, that was my tailor....”
”oh, that was my tailor....”
Corcaigh_the_Cat
Well-known member
Will this be a nail in the coffin for Debenhams?
Middlesbrough123
Well-known member
It will be interesting to see what Mike Ashley with dip in to buy , um sure Hel do what he can to buy some brand names .
Foggysfplandiet3
Well-known member
......then pile them high with sports tat.
Still, with a bit of luck he will blow the toon’s investment money on this latest acquisition.
Konrad_the_Barbarian
Well-known member
this !Used to enjoy going into House of Fraser. Why turn them into another Sports Direct with the same $hlte they sell ?
HundredRoom
Well-known member
Why aren't these pension funds ring fenced from the companies. They are in other european countries. Usually a recognised pension fund like Prudential or the like.
The only job of the company should be to hand over the pension they have deducted from salaries every month and pay it in.
Its very simple to administer and after Maxwell should never have been allowed to happen again.
The only job of the company should be to hand over the pension they have deducted from salaries every month and pay it in.
Its very simple to administer and after Maxwell should never have been allowed to happen again.
Middlesbrough123
Well-known member
Just out of curiosity what do you think Mike Ashley has done wrong on the high street and what would you do differently ?
Middlesbrough123
Well-known member
Yeah it does baffle me why a government would allow themselves to ultimately become liable in some way way if the public don’t finish up with an appropriate pension . How hard can it be
Corcaigh_the_Cat
Well-known member
How many High Street buildings are owned by pension fund companies?
It may not be just the Arcadia employees who find themselves out of pocket.
Looks as if the Debenhams take over talks are going to be called off, there's going to be some pretty big empty buildings in town centres across the country.
The centre of Middlesbrough is going to have a different look about it with Debenhams and the Arcadia properties boarded up.
It may not be just the Arcadia employees who find themselves out of pocket.
Looks as if the Debenhams take over talks are going to be called off, there's going to be some pretty big empty buildings in town centres across the country.
The centre of Middlesbrough is going to have a different look about it with Debenhams and the Arcadia properties boarded up.