Asda

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kaptin1
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Asda

Post by kaptin1 » Fri Oct 02, 2020 6:54 pm

Roger Burnley now runs a business owned by brothers from Blackburn

LoveCurryPies
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Re: Asda

Post by LoveCurryPies » Fri Oct 02, 2020 7:01 pm

I know they have run businesses before but nothing on the scale or complexity of ASDA. Presumably the new owners will keep much of the senior management in place and utilise their knowledge and experience.

Archie Norman selling the company to Walmart was a disgrace.

The Enclosure
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Re: Asda

Post by The Enclosure » Fri Oct 02, 2020 7:03 pm

Do they own petrol stations these two brothers?

GodIsADeeJay81
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Re: Asda

Post by GodIsADeeJay81 » Fri Oct 02, 2020 7:18 pm

Good luck to them.

Clearly got their heads screwed on to achieve what they have so far.

lesxdp
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Re: Asda

Post by lesxdp » Fri Oct 02, 2020 7:18 pm

LoveCurryPies wrote:
Fri Oct 02, 2020 7:01 pm
I know they have run businesses before but nothing on the scale or complexity of ASDA. Presumably the new owners will keep much of the senior management in place and utilise their knowledge and experience.

Archie Norman selling the company to Walmart was a disgrace.
They have something like 6000 outlets so do have vast experience of running large and varied businesses in this country Europe and USA. They also have very good standards in their food retail offerings on the petrol stations, not your typical shoddy experience so I see a great future for the combined businesses.

GodIsADeeJay81
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Re: Asda

Post by GodIsADeeJay81 » Fri Oct 02, 2020 7:19 pm

The Enclosure wrote:
Fri Oct 02, 2020 7:03 pm
Do they own petrol stations these two brothers?
Yeah that's them.

NewClaret
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Re: Asda

Post by NewClaret » Fri Oct 02, 2020 7:19 pm

Glad to have it back in UK ownership. Hopefully good for the region.

Roger1960
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Re: Asda

Post by Roger1960 » Fri Oct 02, 2020 7:23 pm

They own and run the gannow top petrol station ,spar and Starbucks so you can see yourselves if they are up to it. Btw they only own 50% of euro garages and now Asda rest is a private equity firm . Running a top 4 supermarket is a very different proposition so will be interesting to see how they get on

MRG
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Re: Asda

Post by MRG » Fri Oct 02, 2020 7:54 pm

Presuming the Asda forecourts are included and are an attraction. I would also expect every eurogarage to have a ‘mini Asda’ attached similar to Tesco Express. Seems like fantastic business sense to me

Jakubclaret
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Re: Asda

Post by Jakubclaret » Fri Oct 02, 2020 7:58 pm

GodIsADeeJay81 wrote:
Fri Oct 02, 2020 7:18 pm
Good luck to them.

Clearly got their heads screwed on to achieve what they have so far.
Or maybe in addition they've also fallen on their plates of meat, in life you also need some good fortune along the way, if you asked them early doors a few pivotal turning points would probably be recalled along the way.

Burnley1989
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Re: Asda

Post by Burnley1989 » Fri Oct 02, 2020 8:00 pm

Fantastic business men, started by buying a Petrol station for £15k near accy if I remember rightly. Good on them

conyoviejo
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Re: Asda

Post by conyoviejo » Fri Oct 02, 2020 8:04 pm

Self made millionaires, Nothing but admiration for them and good luck to them.

Gordaleman
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Re: Asda

Post by Gordaleman » Fri Oct 02, 2020 8:16 pm

Superb businessmen who have over 6000 garages worldwide. Created hundreds of jobs in Blackburn alone and I'm sure they will do very well with ASDA.

Just hope they don't buy out Venky's or Rovers will be a top six club in no time at all.

tim_noone
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Re: Asda

Post by tim_noone » Fri Oct 02, 2020 8:17 pm

conyoviejo wrote:
Fri Oct 02, 2020 8:04 pm
Self made millionaires, Nothing but admiration for them and good luck to them.
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .

Longsidelenny1882
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Re: Asda

Post by Longsidelenny1882 » Fri Oct 02, 2020 8:31 pm

Hope they don’t throw silly money at the venkys utc

Billyblah
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Re: Asda

Post by Billyblah » Fri Oct 02, 2020 8:32 pm

lesxdp wrote:
Fri Oct 02, 2020 7:18 pm
They have something like 6000 outlets so do have vast experience of running large and varied businesses in this country Europe and USA. They also have very good standards in their food retail offerings on the petrol stations, not your typical shoddy experience so I see a great future for the combined businesses.
So not 'shoddy' then.

arise_sir_charge
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Re: Asda

Post by arise_sir_charge » Fri Oct 02, 2020 8:34 pm

tim_noone wrote:
Fri Oct 02, 2020 8:17 pm
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .
Perhaps, the owners of that shop have analysed their sales data and realised that it costs them more to stay open after 1.50pm than they make and therefore they close. The inconvenience of you not having a sandwich on your random visit maybe didn’t feature in their business plan.

As for the chaps from Eurogarages, fair play to them, they clearly know how to make money!

Boss Hogg
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Re: Asda

Post by Boss Hogg » Fri Oct 02, 2020 8:34 pm

Fair play to them.

GodIsADeeJay81
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Re: Asda

Post by GodIsADeeJay81 » Fri Oct 02, 2020 8:41 pm

Gordaleman wrote:
Fri Oct 02, 2020 8:16 pm
Superb businessmen who have over 6000 garages worldwide. Created hundreds of jobs in Blackburn alone and I'm sure they will do very well with ASDA.

Just hope they don't buy out Venky's or Rovers will be a top six club in no time at all.
They want to make money, not lose it :lol:

Jakubclaret
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Re: Asda

Post by Jakubclaret » Fri Oct 02, 2020 8:44 pm

tim_noone wrote:
Fri Oct 02, 2020 8:17 pm
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .
If it's advertised as such fair dos, but if they are shutting early without good reason because they can't be arsed before the advertised closing time that's different, nothing more annoying than planning to go somewhere well aware of the opening & closing times & finding different.
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Gordaleman
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Re: Asda

Post by Gordaleman » Fri Oct 02, 2020 8:50 pm

GodIsADeeJay81 wrote:
Fri Oct 02, 2020 8:41 pm
They want to make money, not lose it :lol:
Those boys would even make money at Deadwood. They are that good.
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tim_noone
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Re: Asda

Post by tim_noone » Fri Oct 02, 2020 8:52 pm

arise_sir_charge wrote:
Fri Oct 02, 2020 8:34 pm
Perhaps, the owners of that shop have analysed their sales data and realised that it costs them more to stay open after 1.50pm than they make and therefore they close. The inconvenience of you not having a sandwich on your random visit maybe didn’t feature in their business plan.

As for the chaps from Eurogarages, fair play to them, they clearly know how to make money!
My gripe is about work ethic to be Honest....I'll endeavor to change by Lunch Times or suffer the consequences.

COBBLE
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Re: Asda

Post by COBBLE » Fri Oct 02, 2020 11:49 pm

So the scene is set, Garlick sells to ALK capital and in a few years they sell to Euro Garages Athletic co. The next stadium in Altham.

LS7
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Re: Asda

Post by LS7 » Sat Oct 03, 2020 10:01 am

Great to have Asda back in British ownership. It was a cash cow to Walmart.

Stayingup
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Re: Asda

Post by Stayingup » Sat Oct 03, 2020 10:45 am

conyoviejo wrote:
Fri Oct 02, 2020 8:04 pm
Self made millionaires, Nothing but admiration for them and good luck to them.
Absolutely. Just shows that good capitalism does work.

GodIsADeeJay81
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Re: Asda

Post by GodIsADeeJay81 » Sat Oct 03, 2020 10:54 am

LS7 wrote:
Sat Oct 03, 2020 10:01 am
Great to have Asda back in British ownership. It was a cash cow to Walmart.
So you're saying businesses aren't cash cows to British owners?

OK :lol:

MACCA
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Re: Asda

Post by MACCA » Sat Oct 03, 2020 11:00 am

Do these billionaires from Blackburn not fancy owning a football club.

That would be marvellous

mdd2
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Re: Asda

Post by mdd2 » Sat Oct 03, 2020 11:22 am

MACCA wrote:
Sat Oct 03, 2020 11:00 am
Do these billionaires from Blackburn not fancy owning a club.

That would be marvellous
If they took over Burnley it may end up a Superstore, a Leisure complex and a garage with fuel and recharging points
Also add in a few hundred energy efficient houses if they get the cricket ground too.

Billy Balfour
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Re: Asda

Post by Billy Balfour » Sat Oct 03, 2020 2:10 pm

Well there's one thing for sure. They will struggle to make Asda any worse than it already is, especially the one in Burnley.

Spike
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Re: Asda

Post by Spike » Sat Oct 03, 2020 2:24 pm

Makes sense them buying ASDA after all my local store is on a corner!

Duffer_
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Re: Asda

Post by Duffer_ » Sat Oct 03, 2020 2:29 pm

Spike wrote:
Sat Oct 03, 2020 2:24 pm
Makes sense them buying ASDA after all my local store is on a corner!
Nope, don't get it. What relevance is the positioning of your local store to a £6.8bn acquisition?

elwaclaret
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Re: Asda

Post by elwaclaret » Sat Oct 03, 2020 2:29 pm

tim_noone wrote:
Fri Oct 02, 2020 8:17 pm
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .
Haha been there. CJ’s is mainly a breakfast bar.... they use Farny sausages made around the corner. Best sausages ever made (and a lovely family). Worth setting your alarm to make sure you catch them. I think the sisters who own it are quite happy being ‘comfortably’ well off from their days work lol.

Leon_C
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Re: Asda

Post by Leon_C » Sat Oct 03, 2020 2:47 pm

tim_noone wrote:
Fri Oct 02, 2020 8:17 pm
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .
I recall the Tunnel St (traditional) chippy, it used to close at 5.45pm going back 20 years ago...
It went on to become a Santas - a business which understands the times when modern families eat their evening meal.

tim_noone
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Re: Asda

Post by tim_noone » Sat Oct 03, 2020 3:57 pm

Leon_C wrote:
Sat Oct 03, 2020 2:47 pm
I recall the Tunnel St (traditional) chippy, it used to close at 5.45pm going back 20 years ago...
It went on to become a Santas - a business which understands the times when modern families eat their evening meal.
You know where I'm coming from... thriving no doubt. The English are lazy and not up to speed regarding eating.

Clarets4me
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Re: Asda

Post by Clarets4me » Sat Oct 03, 2020 8:46 pm

tim_noone wrote:
Fri Oct 02, 2020 8:17 pm
Yes.....I bet they dont shut their food businesses at 1.50 pm. As one sandwich/food shop does in Whalley. Do people stop eating after 2pm?? Was my polite answer to "were shut!!" Good Luck to the Guys .
I once saw a sign outside a cafe near Limerick, " All Day Breakfast - Served until 11.am " ..... ;)
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Longsidebogs
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Re: Asda

Post by Longsidebogs » Sat Oct 03, 2020 8:59 pm

Not been to Asda since before March. Will never visit Asda again.
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Clarets4me
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Re: Asda

Post by Clarets4me » Sat Oct 03, 2020 9:08 pm

LS7 wrote:
Sat Oct 03, 2020 10:01 am
Great to have Asda back in British ownership. It was a cash cow to Walmart.
On the contrary, Walmart have been trying to get rid of ASDA for years .... decreasing returns and market share, slim margins. They want to free up the money to invest in more lucrative markets in Asia. The £6.8 deal is financed by £4m of debt, composed of high yield Bonds etc. It's thought that ASDA own the freehold of 75% of it's 631 stores, and that the new owners are keen on a " Sale & Leaseback " arrangement ( Selling the Freeholds for cash and then renting them back ) to provide cash. A lot of retail experts think they've overpaid, and there's already concern at the level of debt that the EU Garages Group carries, although this is a separate venture ..
In the new arrangement, the Issa brothers will own 40%, Investment firm TDR will own 40% and Walmart will retain ownership of 20% ...

Spike
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Re: Asda

Post by Spike » Sun Oct 04, 2020 2:25 pm

Duffer_ wrote:
Sat Oct 03, 2020 2:29 pm
Nope, don't get it. What relevance is the positioning of your local store to a £6.8bn acquisition?
Who stereotypically owns Corner Shops!

Duffer_
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Re: Asda

Post by Duffer_ » Sun Oct 04, 2020 4:22 pm

Spike wrote:
Sun Oct 04, 2020 2:25 pm
Who stereotypically owns Corner Shops!
Presumably you are a thick whippet owning Northerner?
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