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26-08-2010 9:47am#1
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Originally Posted by Currys: Declan
Alan, I accept the challenge. My mission is to convince you that Currys is as much if not more Irish than Power City, so here goes...
Oddball question to start. Do you have a pension, or will you ever have one ? If so, your pension fund is going to pay you in the future from the contributions you give them and which in turn they invest in us. And then we try to run a a successful business, pay them dividends and so on , which they then give back to you. We're a public company quoted on the London stock exchange, and we're owned by the public via their pension funds. Irish pension funds own shares in DSG, so what I'm really saying is that you, via your present our future pension fund, own a little bit of us. There are thousands upon thousand of Irish people who own a little bit of DSG via their pension funds, and hopefully that includes you. Power City is a private company.
But I'm guessing that the reason why people buy Irish is to support local companies who sustain a local economy. But what's not Irish about us? I run the company and I'm from Navan. I'm sitting in our Head Office in Dublin writing this, looking at various category managers putting together deals for customers and accountants accounting and so on. DSG Ireland is an Irish incorporated company and we've been here since 1997. We publish our accounts here and pay our taxes. There are UK domiciled retailers who run their entire operations from across the water but we're not one of them. We get a lot of advantage from associating with the UK, particularly in buying, but we've got to employ local people to run our business properly. We have put much more into Ireland in the form of our investment and our wage bill than we have ever repatriated in profit.
We employ 660 Irish people and I'd love you to support them. Our wage bill is ,at a guess, about 3 to 4 times larger than Power City. We're a full service retailer, unlike Power City, so we have a dozen or so field engineers on the road across the country calling on customers and fixing their problems. That's generating employment which is good for the economy and serving our customers well too. On top of this we support local businesses. Our advertising and media agencies are Irish and we're a big advertiser, a lot of our print is done locally, we support media providers from RTE down to local regional newspapers with our spend. We have a big rent bill which supports all the development in shopping parks and centres which you see spread across the country.
I don't want to go on and on but I do react a bit when I see us described as not Irish. I can understand why of course, but this business of ours feels very Irish to me.
Declan,
A couple of points
DSGI do not currently and have not paid a dividend for some years.
Have you lost some employees or have you been telling porkies?
In 2006 you employed 650 people,
Straight Talk: Declan Ronayne, DSG Ireland
21-04-2006
by Deirdre McArdle
DSG Ireland, which owns the Dixons, PC World and Currys brands, had a busy 2005 with a number of new store openings. Declan Ronayne, general manager of DSG Ireland, took time out recently to speak with Deirdre McArdle.
ENN: DSG currently employs 650 people in Ireland between Dixons, Currys and PC World -- and the group opened a number of new stores last year. Will this expansion continue?
Ronayne: While we haven't finalised exact details of store openings during 2006, we will be continuing our trend of opening new stores. I can't emphasise enough what a big piece of work it is to open all these stores, the recruitment alone is a long process. So while we do intend to continue, we will be prudent about it.
You have since opened numerous stores.
Today you tell us you employ 660.
Can you Explain the numbers .... is 660 wrong now or were you just massaging the numbers then.
As you are aware DSGI PLC has been struggling for some time now, and
you should not misrepresent this fact.
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Originally Posted by Currys: Declan
Alan, I accept the challenge. My mission is to convince you that Currys is as much if not more Irish than Power City, so here goes...
Oddball question to start. Do you have a pension, or will you ever have one ? If so, your pension fund is going to pay you in the future from the contributions you give them and which in turn they invest in us. And then we try to run a a successful business, pay them dividends and so on , which they then give back to you. We're a public company quoted on the London stock exchange, and we're owned by the public via their pension funds. Irish pension funds own shares in DSG, so what I'm really saying is that you, via your present our future pension fund, own a little bit of us. There are thousands upon thousand of Irish people who own a little bit of DSG via their pension funds, and hopefully that includes you. Power City is a private company.
But I'm guessing that the reason why people buy Irish is to support local companies who sustain a local economy. But what's not Irish about us? I run the company and I'm from Navan. I'm sitting in our Head Office in Dublin writing this, looking at various category managers putting together deals for customers and accountants accounting and so on. DSG Ireland is an Irish incorporated company and we've been here since 1997. We publish our accounts here and pay our taxes. There are UK domiciled retailers who run their entire operations from across the water but we're not one of them. We get a lot of advantage from associating with the UK, particularly in buying, but we've got to employ local people to run our business properly. We have put much more into Ireland in the form of our investment and our wage bill than we have ever repatriated in profit.
We employ 660 Irish people and I'd love you to support them. Our wage bill is ,at a guess, about 3 to 4 times larger than Power City. We're a full service retailer, unlike Power City, so we have a dozen or so field engineers on the road across the country calling on customers and fixing their problems. That's generating employment which is good for the economy and serving our customers well too. On top of this we support local businesses. Our advertising and media agencies are Irish and we're a big advertiser, a lot of our print is done locally, we support media providers from RTE down to local regional newspapers with our spend. We have a big rent bill which supports all the development in shopping parks and centres which you see spread across the country.
I don't want to go on and on but I do react a bit when I see us described as not Irish. I can understand why of course, but this business of ours feels very Irish to me.
Declan,
A couple of points
DSGI do not currently and have not paid a dividend for some years.
Have you lost some employees or have you been telling porkies?
In 2006 you employed 650 people,
Straight Talk: Declan Ronayne, DSG Ireland
21-04-2006
by Deirdre McArdle
DSG Ireland, which owns the Dixons, PC World and Currys brands, had a busy 2005 with a number of new store openings. Declan Ronayne, general manager of DSG Ireland, took time out recently to speak with Deirdre McArdle.
ENN: DSG currently employs 650 people in Ireland between Dixons, Currys and PC World -- and the group opened a number of new stores last year. Will this expansion continue?
Ronayne: While we haven't finalised exact details of store openings during 2006, we will be continuing our trend of opening new stores. I can't emphasise enough what a big piece of work it is to open all these stores, the recruitment alone is a long process. So while we do intend to continue, we will be prudent about it.
You have since opened numerous stores.
Today you tell us you employ 660.
Can you Explain the numbers .... is 660 wrong now or were you just massaging the numbers then.
As you are aware DSGI PLC has been struggling for some time now, and
you should not misrepresent this fact.
This is hotting up nicely... 260886; all your prior posts seems to be aimed at Curry's... Mod's maybe take this one offline or just let it rumble
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