Habitat enter administration - sale to follow?

m0nkeymrs01

http://www.guardian.co.uk/business/2011/jun/24/habitat-finds-home-with-argos-owner

Already found a buyer it would seem..

debbycuk

m0nkeymrs01 wrote: »

http://www.guardian.co.uk/business/2011/jun/24/habitat-finds-home-with-argos-owner

Already found a buyer it would seem..

They have only brought the Brand (i.e. the name!) and 3 stores. The rest will be sold off/closed to pay the rest of the debt

gemnjam

1984ReturnsForReal wrote: »

Why is this on Grabbit?

In a way I think you are right as there's no sale yet and it says in the article:

"Habitat said that the unsold stores would continue trading as normal for about six months while the administrator from financial advisors Zolfo Cooper conducted talks"

However, I also thin OP may be right in that it is a "don't grabbit" for now if you were after any habitat stuff.

Really and truly though - does it really matter?? - I'm sure it'll soon drop off the board anyway like the original Focus posts did

yorkyinsuffolk

1984ReturnsForReal wrote: »

Why is this on Grabbit?

Agreed :beer:
When items become 'available' then yes but this is just a chat thread, nothing to 'grab' as such.
Not rocket science is it?

m0nkeymrs01

gemnjam wrote: »

In a way I think you are right as there's no sale yet and it says in the article:

"Habitat said that the unsold stores would continue trading as normal for about six months while the administrator from financial advisors Zolfo Cooper conducted talks"

However, I also thin OP may be right in that it is a "don't grabbit" for now if you were after any habitat stuff.

Really and truly though - does it really matter?? - I'm sure it'll soon drop off the board anyway like the original Focus posts did

The original posts didnt drop off the board they were removed by the "its not a grabbit gang"

foundationsmcr

Some people stress over funny things.

"Shoot the OP I say!"

Victoria_Meldrew

Looks like my £5 store card will be worthless then as I don't live near a Habitat to spend it and they don't let you use online.

thatguy1

if you don't want this thread here, then ask a board guide to move it!

unsure

Norwich store has just closed - they've been selling off stuff for a month at gradually reducing prices which actually made things affordable. Started at 30% off then went to 50-60-70% by the end when the store was very bare indeed! I imagine that's waht's likely to happen elsewhere.I wasn't in the market for any big stuff but there were definitely bargains to be had.

mummyplus3

unsure wrote: »

Norwich store has just closed - they've been selling off stuff for a month at gradually reducing prices which actually made things affordable. Started at 30% off then went to 50-60-70% by the end when the store was very bare indeed! I imagine that's waht's likely to happen elsewhere.I wasn't in the market for any big stuff but there were definitely bargains to be had.

Nooooooooo! when did that happen??! gutted ive missed out!