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Post by brazil on Feb 18, 2007 12:02:30 GMT 1
Take a look on page 5 of 'Financial Mail' in the Mail on Sunday !
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Post by thelloydgang on Feb 18, 2007 15:32:49 GMT 1
Hey Brazil and all................page 5 now makes it all a little clearer! Why didn't they just tell us the company's being sold and they need to get their house in order? What happened to no more secrets and being upfront and honest to the advisors? Isn't it nice to read it in the papers first! Is that how it's done in big business? Now i'm a littler wiser as to why one minute I'm a sell only specialist and the next I'm not!   Life's not always rosey for me either guys but I do have the choice of what to do about it...........watch this space!  Karen ;D |
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dolly
Full Member
Posts: 243
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Post by dolly on Feb 19, 2007 8:52:52 GMT 1
This story can be of little surprise to anyone. This sort of thing is happening everywhere in business these days. These equity groups can make millions on their profits. Why? Well because they have borrowed so much money buying a company they can then set the interest on the amount borrowed against their profits and it practically becomes a tax free business. While at the same time by stripping the assets, making cut backs etc they are all the time making a profit on their initial investment. While few of us will be sad to see the back of JR and crew. The sad thing is it is more than likely to be a similar scenario when the new buyers come along.  |
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Post by phugly on Feb 19, 2007 16:08:35 GMT 1
For those who are not using the "official site" here is copy of a statement posted there from JR (apparently) regarding the sale of Hillarys:
There was an article in yesterday's Mail on Sunday referring to Change Capital, our Shareholders, as having appointed Rothschilds - a group of advisors in London - to look at the possible sale of their shareholding in Hillarys.
I can confirm that we have appointed this group of advisors and they will be working alongside the management team over the next few weeks. As a result you may see a few more people around the business in the short term.
First of all, there is nothing that anyone needs to be concerned about - in fact it's an acknowledgement that we have a good plan and that our trading is progressing well. So it should be business as usual for everyone.
The nature of the article also suggests that there may be a change of ownership. If this does take place at some stage in the future and, as many of you know, this has happened several times before to Hillarys, we have plenty of experience in managing through this. It is also important to realise that the board and management team are committed to investing in the future of the business and to delivering the exciting vision that we have developed for the Hillarys group. We've made good progress on this, but as I've explained in my debriefs around the company in the last couple of months, we've only just started !
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Post by keenasmustard on Feb 19, 2007 16:44:05 GMT 1
For those who are not using the "official site" here is copy of a statement posted there from JR (apparently) regarding the sale of Hillarys: There was an article in yesterday's Mail on Sunday referring to Change Capital, our Shareholders, as having appointed Rothschilds - a group of advisors in London - to look at the possible sale of their shareholding in Hillarys.
I can confirm that we have appointed this group of advisors and they will be working alongside the management team over the next few weeks. As a result you may see a few more people around the business in the short term.
First of all, there is nothing that anyone needs to be concerned about - in fact it's an acknowledgement that we have a good plan and that our trading is progressing well. So it should be business as usual for everyone.
The nature of the article also suggests that there may be a change of ownership. If this does take place at some stage in the future and, as many of you know, this has happened several times before to Hillarys, we have plenty of experience in managing through this. It is also important to realise that the board and management team are committed to investing in the future of the business and to delivering the exciting vision that we have developed for the Hillarys group. We've made good progress on this, but as I've explained in my debriefs around the company in the last couple of months, we've only just started !
did all the advisors from london know that they were coming north ;D hope they don't get lost and they should wrap up warm. If we happen to bump into(not very likely) any of these super chaps from the south do we mention SAM and the missing signatures  or do we act like a fsm and know nothing  do we mention that the standard of blind that the company is producing at the moment is not as it should be but bordering on the inferior do we mention missing blinds? do we mention missing commission do we mention claw backs do we mention all the experienced advisor's who have left do we mention how crap dispatch is do we mention how we advisor's are competing against ourselves with web blinds/24/7 blinds and the other sites set up to take the living off all the advisor's who work so very very hard for the parent company. do we mention the question that is on the minds of all good advisor's........................................................... JUST WHAT DOES A FSM DO AND DO WE NEED THEM? OH i could go on and on and on and probably do.maybe you all could add to the list it could be never ending.................... |
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blindmansam
Full Member
P/T advisor (over 5 years)
Posts: 225
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Post by blindmansam on Feb 19, 2007 22:00:12 GMT 1
For those who are not using the "official site" here is copy of a statement posted there from JR (apparently) regarding the sale of Hillarys: There was an article in yesterday's Mail on Sunday referring to Change Capital, our Shareholders, as having appointed Rothschilds - a group of advisors in London - to look at the possible sale of their shareholding in Hillarys.
I can confirm that we have appointed this group of advisors and they will be working alongside the management team over the next few weeks. As a result you may see a few more people around the business in the short term.
First of all, there is nothing that anyone needs to be concerned about - in fact it's an acknowledgement that we have a good plan and that our trading is progressing well. So it should be business as usual for everyone.
The nature of the article also suggests that there may be a change of ownership. If this does take place at some stage in the future and, as many of you know, this has happened several times before to Hillarys, we have plenty of experience in managing through this. It is also important to realise that the board and management team are committed to investing in the future of the business and to delivering the exciting vision that we have developed for the Hillarys group. We've made good progress on this, but as I've explained in my debriefs around the company in the last couple of months, we've only just started !
Note this bit -'' So it should be business as usual for everyone.'' The word SHOULD , !!!!!!. Explains a lot !!!!!! The extra people around the business will be the time and motion engineers! The FSM's have the time . JR and co do the 'motions' LOL |
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or do we act like a fsm and know nothing 
