The trouble with these large ships heading in the wrong direction are that they are notoriously difficult to turn around as Tesco are finding out, unfortunately they managed to find the worlds end and dropped off accordingly!
I'm hoping to hear some news Tuesday regards a new deal with Ocado
Yes, pretty unusual deal - Heads, MRW sell off our convenience store estate, fully stocked & staffed at a thumping multi-million loss, Tails if you (my Local) can't make a go of it, MRW will be back on the hook for ANOTHER 20m in lease arrangements. Former CEO worth every penny of his unbreakable Golden Payoff, LOL
My Local chain, ex-Morrisons convenience stores is be placed in administration. Under the very wonderful arrangements made by our previous CEO, Morrisons is liable for about £20m of lease commitments. No doubt some of these will find new tenants, but there may well be a rump of unwanted sites. I wonder if the new team might be able to run some of these profitably?
You'd better do a little more research, there's the 25 year tie up with Ocado to consider for any potential suitor takes a plunge regards a takeover, remember you're buying lock, stock and biscuit barrel, see what that means?
I bought some custard creams in my local LIDL last week for 18p (how do they make a profit)?, The MRW equivalent even on offer is virtually double the price, pro rata 35p, just a snap shot against one product but that's what you're up against, no one noticed the… Read More
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