Blame bad management, not Brexit for insolvencies
Corporate insolvencies are on the rise, but why? Some ‘experts’ have been quick to associate Brexit with the collapse of manufacturer British Steel, fashion retailer Arcadia, and the Jamie Oliver Restaurant Group – but I doubt these collapses have anything to do with our decision to leave the European Union.
When business was booming in the early 2000s, Arcadia could’ve bought online fashion retailer Asos. But they didn’t, choosing instead to focus on bricks and mortar revenue streams.
Insolvency was always on the cards because Sir Philip Green is a first-class dealmaker rather than a retailing genius.
Today, Asos is arguably a bigger company and although Arcadia has worked hard to improve its online presence, the business remains crippled by the burden of its high street stores, which has nothing to do with Brexit.
And it’s the same with Jamie Oliver’s restaurants; their collapsed has nothing to do with Europe, and everything to do with bad products and poor management.
In a free market economy you either deliver competitive services and goods or perish. The sad truth is: Jamie’s restaurants, the Arcadia Group, and British Steel faltered because they didn’t follow these simple rules.
The 79th Group- Administration Update And What It Means for You as a Loan Note Holder
Over the past few weeks, a wave of The 79th Group companies has collapsed into formal administration, putting millions of pounds of Loan Note Holders…
Read MoreWho’s Behind Billy Jackson? Uncovering the Team and the Companies
Part 3- Unravelling the Team Behind Billy Jackson Executive Summary -Billy Jackson operates a network of companies heavily reliant on Loan Note investments, many of…
Read MoreThe 79th Group Update-What You Need To Know
Administrations, Court Cases, and What Loan Note Holders Must Know Now The financial collapse of companies within The 79th Group is rapidly entering a critical…
Read MoreT&T Trustees Appoint Administrators to 79th Luxury Living Six
Are Investor Interests Being Protected? A New Twist in The 79th Group Saga Loan note holders in 79th Luxury Living Six Ltd (LL6) were recently…
Read More