samparish said:As far as I'm aware he still owns Focus. Hope so because I committed a petty act of vandalism at the one in Exeter the other day
Strike said:Come on Sam tell us what it was?
80's Seagull said:Guess that means Sainsburys expanding it's homebase then. Oh well so long as they have a closing down sale.
timco said:t.
(indians I think, south asian not red)
timco said:Sigh........
Homebase was sold by Sainsbury's years ago, to the french I think, some sort of capital venture outfit or a bank or something like that.
Similarly Focus was sold to venture capitalists (indians I think, south asian not red) and I don't think Archole has any part in them anymore.
Yorkie said:I thought he'd only sold Wickes?
dcseagull said:Bad news for all their employees who face being laid off and having their pension funds eaten away.
I just hope that this hits Archer in the pocket. Hard.
the wanderbus said:I go to focus regularly, each time I do I either steal or damage goods, & hve done for the last 10 years. I am pleased to know I have helped to contribute to any pain caused to the asset stripping c unt by the fall in profit
edna krabappel said:Dear Mr Archer
I couldn't help noticing that your company appears to be experiencing some problems with debt lately.
If I may be so bold, allow me to make a few suggestions which might help to alleviate the situation?
First, sell all your stores, for a vastly undervalued price. Just before doing this, it might be a good idea to take out any nasty clauses from the company rules which prevent you from profiting should Focus DIY unfortunately go to the wall. Then, announce to all your customers and staff that from now on, the stores will be moving to Sweden and Luxembourg, to share premises with the Kakke and Scheisse DIY chains. Tell them that if they really were loyal customers, they'd go to Stockholm for their white emulsion and 2x2 every time.
Maybe think about appointing a PR genius as your new Chief Exec- former politicians are always good at handling fallout from these sticky situations. Make sure you deny any accusations of asset stripping from those miserable customers!
I hope these are of some use to you during this difficult time. If you find yourself down to your last million, give us a call, I'm sure we'll be delighted to chuck you a few coppers
Yours sincerely...