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Off Topic Hull City Centre Public Realm Strategy

Discussion in 'Hull City' started by originallambrettaman, Jun 8, 2015.

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  1. originallambrettaman

    originallambrettaman Mod Moderator
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    Or the late 60’s...
     
    #4141
    originallambrettaman, Aug 9, 2018
  2. originallambrettaman

    originallambrettaman Mod Moderator
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    #4142
    originallambrettaman, Aug 9, 2018
  3. originallambrettaman

    originallambrettaman Mod Moderator
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    Aunt Bibby's on Prinny Ave has gone pop...

    please log in to view this image
     
    #4143
    originallambrettaman, Aug 10, 2018
  4. originallambrettaman

    originallambrettaman Mod Moderator
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    House of Fraser has also gone pop, called in the administrators this morning after the new funding offer was withdrawn and the new potential investors failed to agree terms. Expect Sports Direct to buy it out of administration for peanuts shortly.
     
    #4144
    originallambrettaman, Aug 10, 2018
  5. Wildie

    Wildie Well-Known Member

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    Nice when it first opened - their burnt ends were delicious. But like many places like this, they need to keep evolving the menu or it becomes stale
     
    #4145
    Wildie, Aug 10, 2018
  6. originallambrettaman

    originallambrettaman Mod Moderator
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    House of Fraser in Hull has locked its doors and the staff have all been sent home.
     
    #4146
    originallambrettaman, Aug 10, 2018
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    Ha, called it, though I didn't expect it to be quite that quick...

    Sports Direct has confirmed the purchase of House of Fraser for £90m from administrators.
     
    #4147
    originallambrettaman, Aug 10, 2018
    tigerm25 likes this.
  8. balkan tiger

    balkan tiger Well-Known Member

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    A lot of real estate for that price.
     
    #4148
    balkan tiger, Aug 10, 2018
  9. originallambrettaman

    originallambrettaman Mod Moderator
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    It's certainly a lot of retail space, but they're leased, they sold and leased back their property portfolio years ago.
     
    #4149
    originallambrettaman, Aug 10, 2018
  10. balkan tiger

    balkan tiger Well-Known Member

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    Ah ok that puts it in a different light then.
     
    #4150
    balkan tiger, Aug 10, 2018

  11. GLP

    GLP Well-Known Member

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    Ashley will soon devalue What’s left of the House of Fraser carcass.
     
    #4151
    GLP, Aug 10, 2018
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  12. originallambrettaman

    originallambrettaman Mod Moderator
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    Not necessarily, his premium retail division is actually doing well (though I still can't believe he's opened a Flannels in Hull).
     
    #4152
    originallambrettaman, Aug 10, 2018
  13. originalminority

    originalminority Well-Known Member

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    Binns dippers.
     
    #4153
    originalminority, Aug 10, 2018
  14. Cortez91

    Cortez91 Moderator
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    Wouldn’t be surprised to see our House of Fraser saved right next to one of his flagship Sports Direct/USC stores.
     
    #4154
    Cortez91, Aug 10, 2018
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  15. Cortez91

    Cortez91 Moderator
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    #4155
    Cortez91, Aug 10, 2018
    southerntiger and ImperialTiger like this.
  16. Plum

    Plum Well-Known Member

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    Clip from HDM. Would be good to have some more detail about this.

    upload_2018-8-10_12-45-41.png
     
    #4156
    Plum, Aug 10, 2018
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  17. dennisboothstash

    dennisboothstash Well-Known Member

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    Hasn't it been gone a while?
    I was eating in El Toro a couple of weeks ago and pointed out to Mrs Tash that Aunt Bibby's had gone and been replaced by something else...unless I was looking at the wrong shop and am just psychic?!
     
    #4157
    dennisboothstash, Aug 10, 2018
  18. SimonGraysJacket

    SimonGraysJacket Well-Known Member

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    £900+ million assets on last full accounts, although most reckon they will have sold and leased back since then
     
    #4158
    SimonGraysJacket, Aug 10, 2018
  19. ImperialTiger

    ImperialTiger Well-Known Member

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    Either a case of cash is king or some dodgy dealing. Probably.
     
    #4159
    ImperialTiger, Aug 10, 2018
  20. LeftSaidFred

    LeftSaidFred Well-Known Member

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    A pre-pack administration (which this probably was at the end of the day) means the deal has been agreed beforehand and hence the quick phoenix act afterwards.
     
    #4160
    LeftSaidFred, Aug 10, 2018
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