Kesa Electrical?
I have to say, I look forward to them producing a barbecue. They could call it Kesa Sossy.
Of course, then they'd have to kill you and all your family, but never mind.
Restructuring specialists and private equity investors are among the suitors bidding to acquire flagging UK retailer Comet. According to reports in The Sunday Times, US investment house Gordon Brothers and Op Capita, one-time owner of Habitat and MFI tabled offers last week as the first round of the divestment process began. …
The VC handbook....
1) Buy a firm at a low price.
2) "Leaverage" to the hilt and pay massive 'management fees' to your VC company
3) Liquidate assets and make massive layoffs in the name of "restructuring."
4) Pay massive 'management fees' to your VC company.
5) Repeat until victim.. erm I mean firm... is a shell and declare bankruptcy.
6) Profit!!!
Occasionally Comet have a good deal. But you have to know what you're looking for before you get there. I assume I've just been lucky to grab the 'one-in-a-shop' loss leader deals.
Electricals are always going to struggle right now. It takes the price of a small LCD TV to fill me car these days. Possibly a new unit for El Reg financial stories?
I'd like a new telly but I need food and petrol more.