Petition Lodged To Wind Up Dunnes Stores

Maggie 2 · 24-11-2012 10:57AM

benwavner wrote: »

Anyone want to do a 4 point summary of the article?

Strengths - Dunnes name
Weakness - Dunnes name
Opportunitys - Dunnes name
Threats - Dunnes name

PEST analysis to follow

Maggie 2 · 24-11-2012 11:01AM

zerks wrote: »

The copper used on the building must be worth the €21 million alone.

What about the scrap value? Might head that way tonight......

Death and Taxes · 24-11-2012 11:05AM

Pottler wrote: »

Do Dunnes have 21.whatever million in reserve or is it a manageable sum for them to borrow though? If they have it, it's an expense, not a problem. If they don't, it's a problem, not an expense. If it's a problem, and Nama get their way, will there be public outcry? If business is done as normal, it will be another major Irish company felled by nama and the IBRC who seem to be hell bent on banging in the last few nails in the Irish businesses coffin. Much as I'm not a fan of Dunnes, they do employ a lot of people. As did that other lad, Sean somthing or other.

It will be fellled by its ow greed and mismanagmet, ad the IBRC have nothing to do with this case.
Wise up.

end of the road · 24-11-2012 05:12PM

newmug wrote: »

Morks and Sporks was NEVER comon!!!!!!!!!!!!!!!!!!! WTF loyke?

fixed that for you
arra will yisser leave er ouh.

end of the road · 24-11-2012 05:24PM

StudentDad wrote: »

If Dunnes owe 20 odd million they should pay, simple as.

ideally i would agree, however the fact is the debt isn't going to be payed in full no matter what happens, we all need to realise that.

StudentDad wrote: »

If they have to be wound up to do that, so be it.

costing thousands their jobs and sending them on to the doal even though most lightly only half the debt will be payed?

Mr Simpson · 24-11-2012 05:33PM

end of the road wrote: »

ideally i would agree, however the fact is the debt isn't going to be payed in full no matter what happens, we all need to realise that.

costing thousands their jobs and sending them on to the doal even though most lightly only half the debt will be payed?

The debt would be covered by the sale of the wound up company.

I'd imagine that the winding up of dunnes wouldn't likely lead to job losses, as it would probably be bought as an operating company and either kept as Dunnes or rebranded as a different supermarket.

smileyj1987 · 24-11-2012 06:08PM

ballsymchugh wrote: »

i hope you don't shop in tesco either then by that logic?

@storm 10, yes it is, and yes he is.

I wouldn't buy anything in Dunnes or Tesco they are rich enough to let me shop lift instead .

Death and Taxes · 24-11-2012 06:32PM

smileyj1987 wrote: »

I wouldn't buy anything in Dunnes or Tesco they are rich enough to let me shop lift insteadI;m from cavan and don't believe in spending my own money .

Post fixed:D

end of the road · 24-11-2012 07:15PM

MarkMc wrote: »

The debt would be covered by the sale of the wound up company.

ideally yes, thats if anyones willing to pay that amount for it which i kind of doubt it.

MarkMc wrote: »

I'd imagine that the winding up of dunnes wouldn't likely lead to job losses, as it would probably be bought as an operating company and either kept as Dunnes or rebranded as a different supermarket.

well hopefully that will be the case.

phoenix999 · 24-11-2012 07:20PM

end of the road wrote: »

ideally i would agree, however the fact is the debt isn't going to be payed in full no matter what happens, we all need to realise that.

costing thousands their jobs and sending them on to the doal even though most lightly only half the debt will be payed?

Dunnes is estimated to earn over 150million or more in profits Annually. They are the Ryanair of Irish retail. Their wages bill alone is about €100million. So do the maths. They just need to be dragged through the courts to pay it. Nobody will lose their jobs. They had to pay €36million to Revenue for the plastic bag tax. They fought that all the way too. My sister works in Dunnes and their local store has sales of nearly € 250,000 a week. Their shops are thriving.

BattleCorp · 24-11-2012 07:51PM

Pottler wrote: »

Hmm, 22 mil in one lash of actual cold hard cash is actually a lot of dollars, not too many with that laying around. I think Ireland is turning into a vampire state willing to do anything to suck in cash, at any human cost, just to keep the state going. It would start selling it's peoples blood if it thought it could get away with it. I really do. Between Revenue and NAMA, they seem determined to close as many businesses as possible. Madness.

If Dunnes owe the money, then they should have to pay it.

It's the same with my mortgage. If I don't pay my mortgage, I lose my house. If they don't pay what they owe, they lose their business.

That's the way the world works.

Just because they employ lots of people doesn't make them immune from the law.

smileyj1987 · 24-11-2012 07:54PM

BattleCorp wrote: »

If Dunnes owe the money, then they should have to pay it.

They should seek Sean Quinn's advice they will get away with paying the bill and to top it off they will have tax payers bail them out .

Corruptedmorals · 24-11-2012 08:00PM

phoenix999 wrote: »

Dunnes is estimated to earn over 150million or more in profits Annually. They are the Ryanair of Irish retail. Their wages bill alone is about €100million. So do the maths. They just need to be dragged through the courts to pay it. Nobody will lose their jobs. They had to pay €36million to Revenue for the plastic bag tax. They fought that all the way too. My sister works in Dunnes and their local store has sales of nearly € 250,000 a week. Their shops are thriving.

Drapery is dead in the water, in some stores more than others. Grocery is fine, but still way down on what it was. But if not for the fact that most drapery stores also have a grocery, and the fact that a lot of their shops are owned by them and not rented- there would be a lot of closures. That is why drapery is so understaffed with staff getting so few hours and staff who leave not being replaced. €250k does not mean much by itself..in a flagship I worked in ifit didn't hit 1M a week they would panic, whereas if a small one I worked in hit 100,000 that would be good for them.

Mal-Adjusted · 24-11-2012 08:16PM

end of the road wrote: »

arra will yisser leave er ouh.

no... none of that... shame on you.

phoenix999 · 24-11-2012 09:02PM

Corruptedmorals wrote: »

Drapery is dead in the water, in some stores more than others. Grocery is fine, but still way down on what it was. But if not for the fact that most drapery stores also have a grocery, and the fact that a lot of their shops are owned by them and not rented- there would be a lot of closures. That is why drapery is so understaffed with staff getting so few hours and staff who leave not being replaced. €250k does not mean much by itself..in a flagship I worked in ifit didn't hit 1M a week they would panic, whereas if a small one I worked in hit 100,000 that would be good for them.

Agree about drapery. Dunnes has always kept their profits under wraps but they are sitting on a cash pile. I doubt they would have a problem paying the €21million. Can't see them winning the case on Monday. They seem to get woeful legal advice.

Defiler Of The Coffin · 24-11-2012 09:04PM

Whatever happened to Whelans Distributors? They brought legal action against Dunnes in an attempt to compel them to keep them on as suppliers. Dunnes were Whelans' only customer. How did that one turn out?

Was never a big fan of the Dunnes in my local town, we used to make deliveries there and the door staff were notorious for being absolute pricks. Van salesmen would tell their families not to shop there. Not sure what it's like now but there used to be a serious culture of authoritarian management in the entire company, the bad attitude of the senior managers would filter down to the managers on the floor.

optimistic_ · 24-11-2012 09:09PM

MarkMc wrote: »

Dunnes supermarket isn't particularly cheap. I agree Waitrose would be a different market, but I'd say Sainsbury's wouldn't be much of a stretch. Anyway, this is after hours, my statements don't have to make sense, I just want a Sainsbury's or Waitrose

Woooo 2000th post!!!

I would love Sainsburys and Waitrose in Dublin!

Cee-Jay-Cee · 24-11-2012 09:11PM

I actually thought this was going to be a link to an online petition to wind up, as in take the piss out of, dunnes stores. Disappointed.

Our man in Havana · 24-11-2012 09:13PM

Defiler Of The Coffin wrote: »

Whatever happened to Whelans Distributors? They brought legal action against Dunnes in an attempt to compel them to keep them on as suppliers. Dunnes were Whelans' only customer. How did that one turn out?

Was never a big fan of the Dunnes in my local town, we used to make deliveries there and the door staff were notorious for being absolute pricks. Van salesmen would tell their families not to shop there. Not sure what it's like now but there used to be a serious culture of authoritarian management in the entire company, the bad attitude of the senior managers would filter down to the managers on the floor.

It has filtered down to the floor staff also. You would often see them joking around whilst there are 20 customers attempting to pay for their shopping. Would they open a few tills? You must be joking. Tackle them on this, get abused back.

Dunnes is a place the customer is merely an inconvenience.

NoQuarter · 24-11-2012 09:24PM

phoenix999 wrote: »

Agree about drapery. Dunnes has always kept their profits under wraps but they are sitting on a cash pile. I doubt they would have a problem paying the €21million. Can't see them winning the case on Monday. They seem to get woeful legal advice.

The petition is in on December 3rd, not Monday.

Corruptedmorals · 24-11-2012 09:37PM

Our man in Havana wrote: »

It has filtered down to the floor staff also. You would often see them joking around whilst there are 20 customers attempting to pay for their shopping. Would they open a few tills? You must be joking. Tackle them on this, get abused back.

Dunnes is a place the customer is merely an inconvenience.

In grocery not everyone is till trained. Aside from that, you can't just jump on a till- everyone has their own till which nobody else can use, and not everyone who is till trained will be given a float. Its up to management to ensure adequate cover, not staff who probably aren't able to jump on anyway. I totally agree with the rest of your point, customer service is far from a priority and isn't trained. Its up to individuals and the standard of management..which can be very poor especially outside of the top few important stores. Bad attitdes filter down from on high.

phoenix999 · 24-11-2012 09:54PM

NoQuarter wrote: »

The petition is in on December 3rd, not Monday.

Is December 3 not a Monday? And I never mentioned 'next' Monday.

NoQuarter · 24-11-2012 10:49PM

phoenix999 wrote: »

Is December 3 not a Monday? And I never mentioned 'next' Monday.

Yeah it is.

Wildlife Actor · 24-11-2012 11:31PM

Sounds like a wind-up...

...collecting coat.

bluecode · 25-11-2012 12:17AM

Dunnes was always known for screwing their suppliers. Forcing them to supply only to Dunnes and then forcing down the prices and being slow to pay.

This is only an extension of that attitude. They will do anything to avoid paying the full amount which they can easily afford. They are complete chancers.

The shops won't be closing and jobs won't be lost. It's just a game to be played out to the limit. Just like the game the Quinns are playing. It's the way 'business' is done in Ireland.

JTMan · 25-11-2012 01:04PM

95% likely this is heavy handed negotiation tactics by Dunnes Stores and there will be an 11th hour settlement.

5% likely we are heading for the biggest examinership this country has even seen.

slavetothegrind · 25-11-2012 01:57PM

even more likely is a long list of subbies and suppliers who were shafted when dunnes didnt pay and will never see any money.

is there nobody to enforce the law?

if i fail to pay revenue the sherrif comes to take goods to the value of my debts

if dunnes fail **** all happens.

we need to see some heavy handed corporate enforcement here in Ireland, failure to comply with the law should result in real tangeable painful consequences for individuals and groups of individuals responsible for the activities of their firms.

NoQuarter · 25-11-2012 02:20PM

slavetothegrind wrote: »

is there nobody to enforce the law?

if i fail to pay revenue the sherrif comes to take goods to the value of my debts

if dunnes fail **** all happens.

What are you on about? What do you think the petition to wind up the company is? Its an attempt at enforecement of the debt.

How can you say f-all happens when this whole thread is about whats happening!

slavetothegrind · 25-11-2012 03:17PM

NoQuarter wrote: »

What are you on about? What do you think the petition to wind up the company is? Its an attempt at enforecement of the debt.

How can you say f-all happens when this whole thread is about whats happening!

i'm getting at the responsibility of the officers of the company for the situation.

individual responsibility and the lack of prosecution on any meaningful level for illegal trading practices.

As was said above the likely outcome is a settlement for a percentage of the total resulting in a saving for dunnes as a reward for their actions!

that's what i am on about.

NoQuarter · 25-11-2012 03:31PM

slavetothegrind wrote: »

i'm getting at the responsibility of the officers of the company for the situation.

individual responsibility and the lack of prosecution on any meaningful level for illegal trading practices.

As was said above the likely outcome is a settlement for a percentage of the total resulting in a saving for dunnes as a reward for their actions!

that's what i am on about.

I'm sure the officers of the company know exactly what they are doing. What illegal trading practices do you mean? There's nothing illegal about it, its a civil matter.

The likely outcome is not a settlement because the money is owed on foot of a High Court order so there is no getting around it, Dunnes are just taking it to the wire. If they are wound up instead of paying the €21m well that is their prerogative, stupid imo but its not my place to say.

Petition Lodged To Wind Up Dunnes Stores

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