Tesco points cut off date

lightways

o no, just tried phoning customer services to change to club card deals, but there closed :eek:
any one know which numbers are open today to change details?

princessmoneysaver

You can do it online if that helps

goggins1977

I heard yesterday that MFI are going into recievership(sp) very soon ,so perhaps thats why they are pulling out of the clubcard deals ?????

WELSH-DRAGON_2

I believe that part of MFI are going into receivership and that they are hoping to be bought out by another company so that they can continue. One of the names mentioned was Focus DIY as they do sell flat packed furniture already.

For the time being, until Tesco inform me otherwise I have saved last quarter's MFI vouchers (converted them already), will keep this quarter's vouchers and the quarter at Christmas for MFI deals. When I phoned CS and said that I wanted to spend them in one batch in 2007 they did not have any problem with that.

Welshy x

funnymoney_3

MFI are considering it...
http://www.guardian.co.uk/retail/story/0,,1825029,00.html

funnymoney_3

but they can't afford it...
http://www.guardian.co.uk/retail/story/0,,1825725,00.html

funnymoney_3

More google insights....

MFI chain merger possibility

Sector: Tracker
Date: 13-07-06
Source: The Times
Link: http://www.timesonline.co.uk

Apax Partners is considering merging MFI’s retail operations with the DIY retailer Focus if the private equity firm wins the auction for the loss-making furniture chain.

Apax is through to the second round in the auction for MFI Retail, along with its rival private equity groups Merchant Equity Partners and Argyll Partners. Analysts believe that the firm is looking into a future tie-up between the furniture chain and Focus, in which it holds a 30 per cent stake.

...From http://www.bipsolutions.com/wtps20.htm

funnymoney_3

A bit more detail...
http://business.timesonline.co.uk/article/0,,9074-2267684,00.html

funnymoney_3

Hmmm...

Private equity group Apax Partners has announced a possible merger between Focus and MFI.

Apax Partners' proposal for a possible merger between Focus, the DIY retailer in which it has a 30% stake, and the retail arm of MFI for which it is currently bidding, is doomed to failure. While both retailers share similar difficulties, a viable retailer will not be created by joining the companies.

Retail is littered with examples of mergers where two struggling retailers have joined forces and a larger, stronger retailer has failed to materialize. The rationale for these mergers is usually that the two companies can cut central costs, reduce sourcing costs and leverage their combined marketing budgets to build a single brand and boost footfall, but rarely does this happen. More typically however, weak management and a failure to address underlying problems conspire to override the benefits the union could bring.

From- https://www.datamonitor.com

funnymoney_3

However from this; http://www.mfigroup.co.uk/html/news/press-releases/200706.html
It seems like their new chairman is going to be attempting to stabilise the business

Commenting on the appointment [of new chairman], Will Samuel said “I am very pleased to be joining the Board at this important time for the Group. Whilst the company has been through a challenging period, I am committed to continuing its stabilisation and recovery alongside the executive team.”