Phones 4U Hangs Up
Following on from the previous blog entry, it is interesting that the bondholders tried to mount a rescue by offering a substantial debt to equity swap. Ultimately it appears this has failed. Trying to do this after the business has gone into Administration means it was probably too late to succeed. Such consensual techniques are […]
Phones 4U
Another high profile retail chain goes into Administration. At first sight, not an unusual story but it appears this one has not happened for the usual reasons. Normally we hear stories of falling sales, the impact of internet shopping, out of town retailers destroying the high street etc. In this case the problem is the […]
Update on GRG
News this week confirmed that RBS is being sued in a class action by a number of small firms and their shareholders. They claim they were the alleged victims of unlawful actions by GRG. Is this yet another banking scandal where short termism, distorted ethical values and disregard of customer service has come back to […]
