Crosswords1 min ago
Just When You Thought It Couldn't Get Any Worse For Tesco
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I bet they wished they hadn't ordered this flipping plane now, as I guess the price of planes, like cars, plummets as soon as they leave the showroom !
I bet they wished they hadn't ordered this flipping plane now, as I guess the price of planes, like cars, plummets as soon as they leave the showroom !
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as they sat in the boardroom "drinking our good health" and ordering those jets, they probably also discussed what they were going to promote at the ROYAL WELSH SHOW , the same over paid brainless crew, decided that it would be a great idea to promote "NEWZELAND LAMB", ??? I ask you, you could not make that up. sack the lot of the braindead bunch of clowns
The planes aren't their only problem, mikey.
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The very fact that the new Tesco Boss has sold off all its unneeded aircraft, including this one, at a probable loss, speaks volumes.
Tesco is now firmly in the realms of crisis management here. They cannot allow their share price to be become any more depressed, as it puts then into take-over mode. Walmart. for instance, is awash with cash, as the worlds largest retailer, and they would dearly love to take over their biggest rival. There are plenty of private equity groups that are also swimming with hard cash.
Tesco is living in very dangerous times.
Tesco is now firmly in the realms of crisis management here. They cannot allow their share price to be become any more depressed, as it puts then into take-over mode. Walmart. for instance, is awash with cash, as the worlds largest retailer, and they would dearly love to take over their biggest rival. There are plenty of private equity groups that are also swimming with hard cash.
Tesco is living in very dangerous times.
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Eddie..that is a very old wives tale. The current waiting time for a Morgan is only 12 months, not many years. Also the final price you pay is the price at the time of sale, not when you ordered it :::
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Lets face it...Tesco is in very serious trouble.
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Lets face it...Tesco is in very serious trouble.
I always wondered whether the market for corporate jets revolves around the fact that they can write off profits on one, as a "legitimate business expense". Maybe this only applies in the USA?
Have UK equivalent rules changed? (They knobbled company cars as a perk system some years back, didn't they?)
With 5 jets, it's a wonder they didn't attempt to create a mini Tesco airline, serving corporate customers who can't afford one of their own.
Is £30 million enough to build another store from scratch? Again, I thought the Starbucks technique applies and, so long as you are building or buying new premises, to expand, you can write off profits against the costs and pay little, if any corporation tax at the end of the year. This is completely unfair on competing startups and "mom and pop" businesses, as the Yanks call them.
If you pushed me to, I'd say that the customer wins: rather than 20 chains all on different stages of the learning curve, a new store is instantly up to speed in best practice (money saved, rather than "lessons being learned", with savings passed on to customers) and the brand name tells customers what to expect in terms of service and price.
Lastly, jets fits their past intentions to expand in the USA. Changing planes to get to the smalltown/regional airport adds hours to a transatlantic trip. With 'n' executives, it is a more constructive use of their time and cheaper overall (salary costs of the delegation) to send them straight to the smalltown airport on a bizjet.
Abandoning their US expansion was announced some months ago but probably went unnoticed except for watchers of the business news segment. Selling the fleet just draws attention of a wider audience to the situation.
Much meandering there. Thanks to anyone who read this far. ;-)
Have UK equivalent rules changed? (They knobbled company cars as a perk system some years back, didn't they?)
With 5 jets, it's a wonder they didn't attempt to create a mini Tesco airline, serving corporate customers who can't afford one of their own.
Is £30 million enough to build another store from scratch? Again, I thought the Starbucks technique applies and, so long as you are building or buying new premises, to expand, you can write off profits against the costs and pay little, if any corporation tax at the end of the year. This is completely unfair on competing startups and "mom and pop" businesses, as the Yanks call them.
If you pushed me to, I'd say that the customer wins: rather than 20 chains all on different stages of the learning curve, a new store is instantly up to speed in best practice (money saved, rather than "lessons being learned", with savings passed on to customers) and the brand name tells customers what to expect in terms of service and price.
Lastly, jets fits their past intentions to expand in the USA. Changing planes to get to the smalltown/regional airport adds hours to a transatlantic trip. With 'n' executives, it is a more constructive use of their time and cheaper overall (salary costs of the delegation) to send them straight to the smalltown airport on a bizjet.
Abandoning their US expansion was announced some months ago but probably went unnoticed except for watchers of the business news segment. Selling the fleet just draws attention of a wider audience to the situation.
Much meandering there. Thanks to anyone who read this far. ;-)
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