Marks And Spencer Share Discussion Threads

[debsdowner] 29/11/2020 14:17

No last minute rescue for ARCADIA group says Simon Jack and administration due within hours:



Massive store closures and job losses imminent for both DEBENHAMS and ARCADIA group just before Christmas and that is after Edinburgh Wool Mill administration is a total disaster for the High Street.

[debsdowner] 29/11/2020 13:20

DEBENHAMS is also hanging by a thread says MAIL

[debsdowner] 29/11/2020 13:09

Philip Green not expected to buy any parts of ARCADIA and BBC just said they expect administration as soon as tomorrow.

[debsdowner] 29/11/2020 11:51

Marks said to be interested in buying Jaeger, Austin Reed and Jacques Vert



It would be a good deal if they could pull it off the three brands are good quality and extremely relevant to the High Street.

[careful] 29/11/2020 10:33

Todays Sunday Times writes volumes on Philip Green's demise.
They say Ashley's offer of a £50m loan, with conditions, made last week was to annoy Green.

[the grumpy old men] 29/11/2020 10:19

Anyone think that the share price will quickly move towards 300p once the lockdown fiasco is put to bed

[zztop] 29/11/2020 10:03

Better still dont clap NHS like the morons did for a whole 10 weeks until the government told them to stop lol

[netcurtains] 29/11/2020 08:15

I am boycotting Amazon this covid Christmas!
Got to help UK retailers.
So go direct to UK retailer URLs and buy
from them - if Amazon comes up in search
just boycott it. Dont just clap NHS support UK retail
Jobs

[the grumpy old men] 29/11/2020 08:13

dailybussinessgroup.co.uk


Bid on cards
M&S tipped to swoop on Austin Reed and Jaeger
Terry Murden, Editor | November 28, 2020
Jaeger

Jaeger could be interesting M&S (pic: Terry Murden)

Marks & Spencer is considering an offer for menswear brand Austin Reed and its sister fashion label Jaeger.

It is also understood to have looked at buying Jacques Vert. All three are part of the former Edinburgh Woollen Mill empire of retail mogul Philip Day which recently collapsed.

Marks & Spencer is understood to be in ‘pole position’ to buy the three brands, which it would operate as a subsidiary company with separate design teams if successful, according to City sources.

Next and Frasers owner Mike Ashley have also been named as possible buyers.

The move by M&S, reported by MailOnline, comes as various retail deals could be agreed in the coming days as the future of several big names hang in the balance.

Potential buyers are circling over the carcass of Sir Philip Green’s Arcadia Group brands which include Top Shop, Burtons and Dorothy Perkins, employing 13,000 people.

Mr Ashley is said to have offered a £50m emergency loan to save Arcadia from administration.

JD Sports is longer in exclusive discussions with Debenhams, though sources say it has not withdrawn completely from talks to acquire the chain.

Debenhams was owned by a consortium of hedge fund lenders until it went bust for the second time in a year, in April. It employs 12,000 people across 124 stores.

[philanderer] 29/11/2020 00:39

M&S directors discuss possibility of buying menswear brand Austin Reed alongside its sister label Jaeger

[debsdowner] 28/11/2020 16:31

The offer is a non starter says BBC article:

[debsdowner] 28/11/2020 16:27

Mike Ashley offers £50 million loan to Arcadia but there must be a catch. This isn't the first time Mike Asley offered money to a company in distress MA offered to buy Debenhams but he was refused.

So there must be a catch somewhere, why offer to keep a company afloat when you can pick up brands from administration?

[diku] 28/11/2020 12:44

Are these Black Friday sales really top notch discounts or just items nobody wants to buy...retailers do these sort of trickery during Boxing day sales...sizes that nobody buys get heavily discounted giving an illusion just to get customers back in shops hoping they buy something else at full price...

[xxxxxy] 28/11/2020 12:35

John Redwood@johnredwood1hThe UK should be setting out great plans to expand our fishing fleet and increase our food processing industries as we take back control of our seas. Read how on

[debsdowner] 28/11/2020 09:39

Black Friday sales down this year:

[debsdowner] 27/11/2020 17:28

Mike Ashley said to be interested in the ARCADIA group but I suspect he would close lots of stores and bring the brands into House Of Fraser meaning lots of Top Shop store closures and job losses in any event:



The whole group will be broke up imo whatever happens and stores closed and jobs lost whatever happens.

[debsdowner] 27/11/2020 16:24

Moss Bross announces CVA to protect itself due to dire trading

[debsdowner] 27/11/2020 13:17

Rishi Dishi's wife said to be worth more than the Queen

[debsdowner] 27/11/2020 12:53

Grim retail news:

"New Look, Dorothy Perkins, Superdry and LK Bennett have all turned to Ebay to sell off their “dead stock” as they scramble to stem lockdown losses."

[debsdowner] 27/11/2020 12:48

Jaeger cuts 103 jobs and 13 stores in administration

[porsche1945] 27/11/2020 12:31

Arcadia on brink of collapse, 500 shops, lenders turned down request for 30m emergency loan, Green wont buy any of it out of admin after. U.K. high St retailing is toast, bit like the U.K. in general. Why would Green want to shove more money in?.....you dont become a billionaire living tax free in Monaco throwing good money after bad. Retail is online, everything else will die. These will be back sub a quid as reality dawns, going same way as Debenhams, MKS has really sxxt management, the guy is a one trick pony and that was aeons ago with Asda anyway.

[debsdowner] 27/11/2020 11:40

Breaking news:

Top Shop in serious trouble as talks over emergency funding gone nowhere putting 15,000 jobs at risk and administration possible as soon as next week:



The company needs a mere £30 million but the company is probably in too much debt and still losing money so no one wants to risk a further £30 million.

So why is Philip Green not stumping up the money being a billionaire?

[philanderer] 27/11/2020 11:14

Goldmans downgrades to Neutral. Tp 145p