Leekbrookgull
Well-known member
It,s been coming. https://www.bbc.co.uk/news/business-53195980
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[News] Intu enters administration.
- Thread starter Leekbrookgull
- Start date
What will the good people of Uxbridge do now [MENTION=17941]AmexRuislip [/MENTION] 
AmexRuislip
Trainee Spy 🕵️♂️
What will the good people of Uxbridge do now [MENTION=17941]AmexRuislip [/MENTION]
I haven't a Scooby Jaywick Boy
Seriously though, they'll keep the entres open under new management, otherwise others will suffer.
Intu took over the centre in Watford, transformed it imto a more modern and vibrant shopping centre.
This included a new looking Debenhams, with Hollister, Superdry, a bowling alley and cinema.
I think they're missing out greatly on car park fees.
Albion fans should know the area I'm talking about, as I've seen enough of the buggers in there on match day
I haven't a Scooby Jaywick Boy
Seriously though, they'll keep the entres open under new management, otherwise others will suffer.
Intu took over the centre in Watford, transformed it imto a more modern and vibrant shopping centre.
This included a new looking Debenhams, with Hollister, Superdry, a bowling alley and cinema.
I think they're missing out greatly on car park fees.
Albion fans should know the area I'm talking about, as I've seen enough of the buggers in there on match day
It pretty much takes up the whole of Watford between the station and the ground doesn't it? Although, back in the day, the only stop I made was in the Robert Peel.
AmexRuislip
Trainee Spy 🕵️♂️
Yes it does.
Robert Peel has closed down now.
Not many decent pubs in Watford nowadays, most of them frequented by chavs.
You have to go out towards rural areas, much better.
Here's to a post Covid coffee
While rubbish news for the employees I always struggle to understand why companies such as Intu couldn't see the challenge coming. The high street has been in decline for 15 years plus so why on earth would you not change your business model over that time ? Equally why have so many pension funds invested in them ?
Lower West Stander
Well-known member
It is way way more complicated than that.
Intu carried too much leverage because all its assets are secured. Effectively the company is a series of separate asset pools with the plc at the top. No one could have foreseen the decline in asset values over the past couple of years. This is a function of the unregulated rental regime in the UK which meant rents got caught in an upwards only bubble.
Result was a load of separate covenants with lenders only interested in their own security. When the plc RCF covenants got challenged, no one was interested in helping as they wanted to protect themselves.
Also worth mentioned the CEO is a season ticket holder in 1901....
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I haven't a Scooby Jaywick Boy
Seriously though, they'll keep the entres open under new management, otherwise others will suffer.
Intu took over the centre in Watford, transformed it imto a more modern and vibrant shopping centre.
This included a new looking Debenhams, with Hollister, Superdry, a bowling alley and cinema.
I think they're missing out greatly on car park fees.
Albion fans should know the area I'm talking about, as I've seen enough of the buggers in there on match day
You missed the opportunity to state “Intu enters intu Administration”.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,312
im not sure Intu are "high street", they are holding shopping centres that have been on the up past years. as noted, lots of debt, and no doubt mismanagment as the long decline of their valuation shows.
the assets, shopping centres will sold off and hopefully minimal impact to them operating.
He didn't need to, we intuitively knew the pun was there.
Leekbrookgull
Well-known member
- Thread starter
- #14
Maybe we should just stay local anything else (non perishable) could be online ? Never got this shopping centre thing.
- May 8, 2018
- 9,246
Yes it does.
Robert Peel has closed down now.
Not many decent pubs in Watford nowadays, most of them frequented by chavs.
You have to go out towards rural areas, much better.
Here's to a post Covid coffee
Is beavers still going?
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