What are the legalities of this?

AnnieO1234

Because if the business had been sold to another entity the staff would have known they were being transferred under TUPE. Old company goes under, new company opens. Yes it can be a vehicle to avoid debt but could also simply be a genuine business closure and resale by creditors even.

Money-Saving-King

powerful_Rogue wrote: »

Does it really matter? The items get knocked down in price so the buyer gets a bargain.

It's obvious it's not deliberate as I said but yes I agree, out of all the things to get your knickers in a twist with stock being heavily reduced and whether the reasons genuine!

kevano22

The point is that NONE of the items were any cheaper..they're just the same price now - with no closing down sale.

I feel I'm being ostracised for a genuine concern here. I just wondered if it was legal.

Not worried. Not going to lose sleep. Just a question.

Bantex_2

Pay the price you think something is worth. Discounts etc are meaningless. If your stupid enough to fall for this stuff you probably deserve to get stitched up.

powerful_Rogue

kevano22 wrote: »

The point is that NONE of the items were any cheaper..they're just the same price now - with no closing down sale.

I feel I'm being ostracised for a genuine concern here. I just wondered if it was legal.

Not worried. Not going to lose sleep. Just a question.

kevano22 wrote: »

They were reducing things week on week until they finally closed down.

Confused!!

Money-Saving-King

kevano22 wrote: »

The point is that NONE of the items were any cheaper

You either must have checked EVERY single item or have just made an assumption here.

kevano22

powerful_Rogue wrote: »

Confused!!

Apologies. None of the items were cheaper in the last week of the closing down sale than they are now.

Both my friend and I noticed this as we knew what they were planning to do.

Clearly this forum was not the place to come to for an answer to a genuine question.

Money-Saving-King

kevano22 wrote: »

Clearly this forum was not the place to come to for an answer to a genuine question.

You get told the truth. Can't handle it, don't post. You were trying to figure if you could dob someone up for something (based on pure assumption) and nothing else.

paddyrg

It may be legit. Being closed for a few weeks is expensive and the opposite of what a healthy shop would do, so most likely they did close down, sell the business stock and location wholesale (likely at a loss), then the new owner is going to try to shift the old stock before getting new.

Dave101t

they usually say in big type, closing down.
then in tiny type, for refurbishment.
closing down can be for anything, not the 'we are going bust' reasons of yesteryear...