Lidl in trouble...

[Vader]

Lot of debt mentioned !!

Lidl's chief financial officer quits after shock £75.9m annual LOSS https://www.dailymail.co.uk/news/ar...sts-board.html?ito=whatsapp_share_article-top

 

[Tamar]

Keep reading stories about the debt of Morrisons.....allegedly at £1.5 million interest payments a day.

No doubt they will scrape through by stuffing their suppliers !!

 

[Martin Holden]

Keep reading stories about the debt of Morrisons.....allegedly at £1.5 million interest payments a day.

No doubt they will scrape through by stuffing their suppliers !!

Check out the Asda group which includes Euro Garagges business. Debt, phew!

 

[upnortheast]

Sounds a bit like these supermarket bosses are not so clever as we are led to believe

 

[Mc115reed]

They’re all in major debt… while also paying themselves millions in bonus’s every year … it’s all a massive con

 

[Muck Spreader]

Lot of debt mentioned !!

Lidl's chief financial officer quits after shock £75.9m annual LOSS https://www.dailymail.co.uk/news/ar...sts-board.html?ito=whatsapp_share_article-top

Presume its just loose change when you still have a global profit of €1.64 billion.

 

[serf]

Keep reading stories about the debt of Morrisons.....allegedly at £1.5 million interest payments a day.

No doubt they will scrape through by stuffing their suppliers !!

Morrisons can fek off and go to the wall and get taken over ,
The old dear goes there shopping and got done 3 times now for over staying , can't get round and back in time before the parasites send a fine so they can fek off now , she'll go elsewhere

 

[Still Farming]

Lot of debt mentioned !!

Lidl's chief financial officer quits after shock £75.9m annual LOSS https://www.dailymail.co.uk/news/ar...sts-board.html?ito=whatsapp_share_article-top

Barbados is he???

 

[hally]

Oh no, how sad, never mind

 

[thorpe]

Lot of debt mentioned !!

Lidl's chief financial officer quits after shock £75.9m annual LOSS https://www.dailymail.co.uk/news/ar...sts-board.html?ito=whatsapp_share_article-top

if ag uk worked like this the country would starve!

 

[thesilentone]

Lot of debt mentioned !!

Lidl's chief financial officer quits after shock £75.9m annual LOSS https://www.dailymail.co.uk/news/ar...sts-board.html?ito=whatsapp_share_article-top

Well the UK operation is not doing to well, as for Lidl being in trouble, not a chance.

Morrisons is a different kettle of fish, they are in trouble.

 

[Northeastfarmer]

They’ve all screwed plenty of farmers over in the past so no sympathy here

 

[Bongodog]

Surely by any standard we have too many supermarket buildings, a nearby town has increased its number of houses by less than 10% in the past decade, but its supermarkets have increased from one to three.
My county (Cambridgeshire) used to be dominated by Tesco, there were more of their stores than probably the rest put together, now we have gained many Aldi's Lidl's and Morrisons, but the number of Tesco stores has increased as well. Yes the population is up, but supermarkets far more. The new entrants seem to be fighting to grab new sites and their costs must be rising rapidly.
Asda and Morrisons are crippled by debt, Lidl UK is losing money, Ocado home delivery has never made a single penny profit, John Lewis (Waitrose) losing money, think they need to change tack.

 

[pellow]

Well the UK operation is not doing to well, as for Lidl being in trouble, not a chance.

Morrisons is a different kettle of fish, they are in trouble.

Agree, Lidl is aggressively expanding and with an eye on future earnings, their priority is to build market share not profit

ASDA and Morrisons are unlikely to survive an economic shake up in their current forms

 

[thorpe]

supermarket's increased to 3 in your town we have 3 tesco's +2x aldi, sainsburys,lidl, morrisons, m&s and god know's how many little co-op's

 

[JockCroft]

Am I right in thinking that ASDA and Morrisons both changed ownership in the last two years? Bought by investment firms? Did they know what they were taking on?
Sainsbury bought Argos 3 years ago and its become a major liability.

Our retail sector has grown beyond its means. It will have to shrink one way or another.
The pain from that shrinkage will depend on whether it is strategic, or liquidate. The later is unimaginable. It wont just be stores closing.

 

[Ffermer Bach]

Did they finance the Morissons purchase with debt? And are now selling off the land/buildings to finance it? I am sure I have read something like that in the paper (but haven't really be taking any notice). All I know is that they still sell fresh fish, so go in there occasionally just for the fish mongers.

 

[thesilentone]

Am I right in thinking that ASDA and Morrisons both changed ownership in the last two years? Bought by investment firms? Did they know what they were taking on?
Sainsbury bought Argos 3 years ago and its become a major liability.

Our retail sector has grown beyond its means. It will have to shrink one way or another.
The pain from that shrinkage will depend on whether it is strategic, or liquidate. The later is unimaginable. It wont just be stores closing.

It seems to me they are both suffering from the same problem, the buyer paid to much given the hike in interest rates.

Somehow I don't think they were that stupid, and allowed for the risk.

Bigger fish are frying somewhere, or someone has allot of tax to offset.

 

[livestock 1]

The profits are there the problem occurs by fighting for market share
It’s a dangerous game, we’ve all seen a supermarket being built next to another supermarket and wondered how that worked
I’m sure they can retreat a little bit and recover those debts but they won’t want to do that it will unsettle the shareholders who will invest in the next best one

 

[pellow]

ASDA is owned by 2 brothers who own a large petrol station chain, they merged ASDA with their petrol station empire this year, my guess is that they are under pressure and whoever holds their debt (US I think) has made them put their petrol stations on the block

Morrisons is owned by US private equity parasites