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! :eek: |
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...:D 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 |
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 |
Re: Insolvencies: MFI and Woolworths
Just to be clear, Woolworths UK and Woolworths Australia have NO connection whatsoever.
|
Re: Insolvencies: MFI and Woolworths
Originally Posted by Looking forward to Oz
(Post 7012759)
OMG.
The world is falling apart!! MFI and Woolworths going into administration, whatever next?? :eek: |
Re: Insolvencies: MFI and Woolworths
Originally Posted by Amazulu
(Post 7013622)
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.
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. |
Re: Insolvencies: MFI and Woolworths
Originally Posted by ABCDiamond
(Post 7013606)
Just to be clear, Woolworths UK and Woolworths Australia have NO connection whatsoever.
J x |
Re: Insolvencies: MFI and Woolworths
Originally Posted by Looking forward to Oz
(Post 7012759)
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! :eek: |
Re: Insolvencies: MFI and Woolworths
Originally Posted by moneypen20
(Post 7014556)
In the case of MFI, I guess there's a limit to the amount of crap people will buy.
|
Re: Insolvencies: MFI and Woolworths
Originally Posted by Looking forward to Oz
(Post 7012759)
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! :eek: |
Re: Insolvencies: MFI and Woolworths
Originally Posted by moneypen20
(Post 7014556)
In the case of MFI, I guess there's a limit to the amount of crap people will buy.
|
Re: Insolvencies: MFI and Woolworths
Originally Posted by Toe Dipper
(Post 7015660)
I am sure that MFI was a really good company, it was the missing screws and damaged edges that let it all collapse.........:rofl::rofl:
Very funny Mr Dipper! I like your humour. :rofl: |
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!
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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 |
Re: Insolvencies: MFI and Woolworths
Originally Posted by m08l0k
(Post 7016809)
It would appear that Dixons/Currys is on the brink as well.
http://news.sky.com/skynews/Home/Bus...t_Under_%A330m |
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