So that makes £2 plus £50m for the extended warranty?
Kesa Electricals has coughed £50m to exit its loss-making UK retail arm Comet, with private equity firms Hailey Holdings and Hailey Acquisitions taking on the 248-strong chain. Under the terms of the deal, which is subject to shareholder approval, the buyers – who were advised by private equity house OpCapita – will pay a …
will pay a nominal fee of £2
Generous. Twice its real value.
That's them fucked then...
Prepare for some creative accounting, then closure...
wait. what? so they "sold" comet for £2 and minus £50m? why didnt they come to me? i would only have asked for 25m!!
But how much did they have to pay for the extended warantee?
What no Halley's Comet gag?
So I guess now its...
It's not funny, yeah?
Where will we find jobs for the staff, yeah? I mean some of the sales staff are approaching twenty, yeah? What choices will they have, yeah? I mean, some of them have six month's experience, yeah, and are Senior Sales Representatives, yeah?
You want Mack-a-fee with that, yeah? Oh, hang on, yeah?