Comments on: Have you seen the news today? http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/ Nic Brisbourne's view from London on venture capital and exploiting change in technology and media Sat, 11 Feb 2012 20:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: brisbourne http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-6454 brisbourne Wed, 24 Dec 2008 23:48:24 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-6454 It will be a happy Xmas for them :( It will be a happy Xmas for them :(

]]> By: Nicholas http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-6453 Nicholas Wed, 24 Dec 2008 17:58:21 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-6453 I hate to say "I told you so", but Zavvi entered administration this morning:<br><a href="http://www.mcvuk.com/news/32791/Zavvi-enters-administration" rel="nofollow">http://www.mcvuk.com/news/32791/Zavvi-enters-ad...</a> I hate to say “I told you so”, but Zavvi entered administration this morning:
http://www.mcvuk.com/news/32791/Zavvi-enters-ad…

]]> By: brisbourne http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4187 brisbourne Wed, 24 Dec 2008 16:48:24 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4187 It will be a happy Xmas for them :( It will be a happy Xmas for them :(

]]> By: Nicholas http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4186 Nicholas Wed, 24 Dec 2008 10:58:21 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4186 I hate to say "I told you so", but Zavvi entered administration this morning:<br><a href="http://www.mcvuk.com/news/32791/Zavvi-enters-administration" rel="nofollow">http://www.mcvuk.com/news/32791/Zavvi-enters-ad...</a> I hate to say “I told you so”, but Zavvi entered administration this morning:
http://www.mcvuk.com/news/32791/Zavvi-enters-ad…

]]> By: Nicholas Lovell http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4109 Nicholas Lovell Fri, 12 Dec 2008 14:01:39 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4109 We're beginning to see the rolling impact of collapses as well. Woolworths appointed adminstrators (Deloitte) last week and today made 700 workers at EUK, one of the largest distributors of entertainment products in the UK, redundant. Deloitte have now forced a "restructuring" team from E&Y to take over at Zavvi, because Zavvi owes EUK £106 million, and has made it clear that this could be a precursor to administration. Zavvi seems unlikely to be able to trade out of this position because it has limited stock partially because one of its main suppliers (EUK) has gone bust. So, like the banking industry, the interconnectedness of our retail industries could lead to a domino set of failures. We’re beginning to see the rolling impact of collapses as well. Woolworths appointed adminstrators (Deloitte) last week and today made 700 workers at EUK, one of the largest distributors of entertainment products in the UK, redundant. Deloitte have now forced a “restructuring” team from E&Y to take over at Zavvi, because Zavvi owes EUK £106 million, and has made it clear that this could be a precursor to administration. Zavvi seems unlikely to be able to trade out of this position because it has limited stock partially because one of its main suppliers (EUK) has gone bust.

So, like the banking industry, the interconnectedness of our retail industries could lead to a domino set of failures.

]]> By: Nicholas Lovell http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11744 Nicholas Lovell Fri, 12 Dec 2008 14:01:00 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11744 We're beginning to see the rolling impact of collapses as well. Woolworths appointed adminstrators (Deloitte) last week and today made 700 workers at EUK, one of the largest distributors of entertainment products in the UK, redundant. Deloitte have now forced a "restructuring" team from E&Y to take over at Zavvi, because Zavvi owes EUK £106 million, and has made it clear that this could be a precursor to administration. Zavvi seems unlikely to be able to trade out of this position because it has limited stock partially because one of its main suppliers (EUK) has gone bust. So, like the banking industry, the interconnectedness of our retail industries could lead to a domino set of failures. We’re beginning to see the rolling impact of collapses as well. Woolworths appointed adminstrators (Deloitte) last week and today made 700 workers at EUK, one of the largest distributors of entertainment products in the UK, redundant. Deloitte have now forced a “restructuring” team from E&Y to take over at Zavvi, because Zavvi owes EUK £106 million, and has made it clear that this could be a precursor to administration. Zavvi seems unlikely to be able to trade out of this position because it has limited stock partially because one of its main suppliers (EUK) has gone bust.

So, like the banking industry, the interconnectedness of our retail industries could lead to a domino set of failures.

]]> By: Henry http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4107 Henry Fri, 12 Dec 2008 13:11:56 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4107 Robert Peston has a similar view... http://www.bbc.co.uk/blogs/thereporters/robertpeston/ Robert Peston has a similar view…
http://www.bbc.co.uk/blogs/thereporters/robertpeston/

]]> By: henryyates http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11743 henryyates Fri, 12 Dec 2008 13:11:00 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11743 Robert Peston has a similar view... http://www.bbc.co.uk/blogs/thereporters/robertpeston/ Robert Peston has a similar view…
http://www.bbc.co.uk/blogs/thereporters/robertpeston/

]]> By: Fabio http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4105 Fabio Fri, 12 Dec 2008 12:25:59 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-4105 Far from saying that this recession isn't big and bad, but at the same time ASDA's surveys can't be representative for the majority of the UK population. Unfortunately this crisis is worse than I expected at the very beginning and as always it'll have much more impact on certain social groups than others. But I agree on the fact that - after all - it's a cycle and therefore will come to an end. Cynically and from a start up perspective I think that having an early stage business now isn't the worst thing in the word, because if you manage to bootstrap it through the crisis chances are that in 3-5 years the market will be bullish again and today's early stage business will be top of the list for a new wave of trade sales or other exits. Far from saying that this recession isn’t big and bad, but at the same time ASDA’s surveys can’t be representative for the majority of the UK population.
Unfortunately this crisis is worse than I expected at the very beginning and as always it’ll have much more impact on certain social groups than others. But I agree on the fact that – after all – it’s a cycle and therefore will come to an end.
Cynically and from a start up perspective I think that having an early stage business now isn’t the worst thing in the word, because if you manage to bootstrap it through the crisis chances are that in 3-5 years the market will be bullish again and today’s early stage business will be top of the list for a new wave of trade sales or other exits.

]]> By: Fabio http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11746 Fabio Fri, 12 Dec 2008 12:25:00 +0000 http://www.theequitykicker.com/2008/12/12/have-you-seen-the-news-today/#comment-11746 Far from saying that this recession isn't big and bad, but at the same time ASDA's surveys can't be representative for the majority of the UK population. Unfortunately this crisis is worse than I expected at the very beginning and as always it'll have much more impact on certain social groups than others. But I agree on the fact that - after all - it's a cycle and therefore will come to an end. Cynically and from a start up perspective I think that having an early stage business now isn't the worst thing in the word, because if you manage to bootstrap it through the crisis chances are that in 3-5 years the market will be bullish again and today's early stage business will be top of the list for a new wave of trade sales or other exits. Far from saying that this recession isn’t big and bad, but at the same time ASDA’s surveys can’t be representative for the majority of the UK population.
Unfortunately this crisis is worse than I expected at the very beginning and as always it’ll have much more impact on certain social groups than others. But I agree on the fact that – after all – it’s a cycle and therefore will come to an end.
Cynically and from a start up perspective I think that having an early stage business now isn’t the worst thing in the word, because if you manage to bootstrap it through the crisis chances are that in 3-5 years the market will be bullish again and today’s early stage business will be top of the list for a new wave of trade sales or other exits.

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