Quote:
Originally Posted by G6Tanuki
Quote:
Originally Posted by Dai Corner
It probably won't happen, but it would be nice to see some local managers take over their shops and run them profitably.
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I seriously doubt any of the 'local managers' would have the ability to raise the cash needed; given what's happened you're going to find landlords, suppliers etc. mandating some seriously good (and so seriously expensive) credit-insurance be held by anyone continuing to run the business, if only to prevent them losing out if some time down the line 'maplin 2.0' went under. |
I meant as independent shops rather than under the Maplin name. I think this happened to some Woolworth stores?
Anyway, it's official now. Maplin are in administration.
http://www.bbc.co.uk/news/business-43223175