Insolvencies: MFI and Woolworths
#1
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Joined: Oct 2008
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Insolvencies: MFI and Woolworths
OMG.
The world is falling apart!! MFI and Woolworths going into administration, whatever next?? Soon HMRC will be citing insolvency troubles...! Lets hope DIAC doesn't crumble!
The world is falling apart!! MFI and Woolworths going into administration, whatever next?? Soon HMRC will be citing insolvency troubles...! Lets hope DIAC doesn't crumble!
#2
Re: Insolvencies: MFI and Woolworths
Nah,
DIAC is better run - they take a load of money from foreigners and sit on it for years........the interest they make on it will ensure their survival for years...
Woolies normally have a sorry tale to tell at this time every year, and MFI have been struggling for years.....remember they were sold for a quid?
Twinset
DIAC is better run - they take a load of money from foreigners and sit on it for years........the interest they make on it will ensure their survival for years...
Woolies normally have a sorry tale to tell at this time every year, and MFI have been struggling for years.....remember they were sold for a quid?
Twinset
#3
Re: Insolvencies: MFI and Woolworths
A mum from school works at Woollies and won't have a job.
How awful just before christmas
J x
How awful just before christmas
J x
#4
Guest
Posts: n/a
Re: Insolvencies: MFI and Woolworths
Just to be clear, Woolworths UK and Woolworths Australia have NO connection whatsoever.
#5
Re: Insolvencies: MFI and Woolworths
In a downturn only the best, financially viable companies survive. Another company will buy up Woolworths and it will carry on in some shape or form.
#6
Joined: Jun 2006
Posts: 4,555
Re: Insolvencies: MFI and Woolworths
Right now cash is king and that means fighting for your failed competitors customers rather than risking more debt and buying up the opposition.
Another example is BHPs decision not to takeover Rio and Rio's debts. Even perfectly profitable companies like where I work are cutting back to preserve cash.
#8
Re: Insolvencies: MFI and Woolworths
In the case of MFI, I guess there's a limit to the amount of crap people will buy.
#10
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Re: Insolvencies: MFI and Woolworths
I recall in my childhood that Woolies were a good store up there with the best of em. In later years they seemed a bit Pikey for some reason.
#11
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#13
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Joined: Jun 2008
Location: Glasgow, UK
Posts: 30
Re: Insolvencies: MFI and Woolworths
I agree it is very sad see people made redundant. But Woolies was a shop that sold absoultely nothing of value whatsoever!
#14
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Joined: Jun 2008
Location: Newtownards, County Down, Northern Ireland
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Re: Insolvencies: MFI and Woolworths
It would appear that Dixons/Currys is on the brink as well.
http://news.sky.com/skynews/Home/Bus...t_Under_%A330m
http://news.sky.com/skynews/Home/Bus...t_Under_%A330m
#15
Joined: Jun 2006
Posts: 4,555
Re: Insolvencies: MFI and Woolworths
It would appear that Dixons/Currys is on the brink as well.
http://news.sky.com/skynews/Home/Bus...t_Under_%A330m
http://news.sky.com/skynews/Home/Bus...t_Under_%A330m