So you sold out of USA in Profit eh? If the eastern foray was a profit why did you leave? You remind me of the Monty python film The holy Grail, John Cleese is the knight with no arm or legs left and still won`t admit defeat. That's you Roland.
Are you not envious of MRW - pension in the black and well funded, small debt and reducing, paying a divi, withstood the onslaught of Aldi and getting the better of them. Aldi now heading "sarf" into Tesco heartland, the last thing Tesco need and maybe the final nail in Tesco. If you say you would not like MRW`s fundamentals at Tesco I won`t believe you.
Was going to filter you but Asbury jukes is correct, you are laughable.
Revenue £17.680 billion (2014) Operating income £(95) million (2014) Net income £(238) million (2014) BTW, a fire sale is when you sell assets at a LOSS, like M stores. Tesco assets were sold for a PROFIT in the BILLIONS.
Tesco have 3.4 billion in the bank - where will MRW find 20 million in a hurry, if My Local turns turtle? What contingency is there in the accounts for this on-tap liability?? Tesco pensions won't all have to be paid out tomorrow, but My Local MIGHT have to be baled out tomorrow, in a worst case scenario.
I see.. If My Local fails in days/months/years. however inconveniently timed - MRW will step in & fulfill their contractual agreement with a couple of million from the sock draw, taking BACK 140 stores with their staff, stocks, fittings and outstanding DEBTs, it will be a breeze, aided by MRW's superior state-of-the-Art IT systems, and undeterred by the fact that MRW confusingly exists as 2 separate companies?
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