Phones4 U stores have gone into admin

[arista]

http://news.sky.com/story/1335864/retailer-phones-4u-forced-into-administration


All stores are closed today
as EE and Vodaphone have pulled out

http://media.skynews.com/media/images/generated/2014/3/24/298119/default/v1/phones4u-1-522x293.jpg




Seems Dixons-Carphone
are the only Independent supply now

[Kizzy]

Aw they had some brilliant ads.

[arista]

Aw they had some brilliant ads.

Yes but Vodafone stopped supplying them
then EE did.


so its all over.



Fights over what phones they kept
telling customers to buy

[arista]

over 5000
workers went to sleep last night
expecting to go to work.


Some would have known of the first pull out
from Vodafone
but now the 2nd biggest EE has also stopped all contracts.

[Kizzy]

5000 people woke to no job? That's awful :(

[arista]

UucLMljiDHg


Yes Kizzy amazing clever ads
a sad loss to our high street

[arista]

a Lifeline for some workers

Dixons Carphone will take over 1000 workers on.



http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2014/9/15/1410785155496/A-Phones-4u-shop-in-Oxfor-011.jpg

http://www.dailymail.co.uk/money/news/article-2760484/Dixons-Carphone-save-800-Phones-4U-jobs-following-collapse-administration.html

[billy123]

It looks like it might of been down to a case of negligence by the owners rather than the company not being profitable.
The owners had been looking to sell up since the start of the year and had offers on the table that looked likely to go through and they didnt bother to tie up new deals with service providers as they believed it would soon no longer be their responsibility to do so.
When all the buy out offers fell through they were left high and dry with service providers no longer obligated to give them phone contracts to sell.

http://www.financial-spread-betting.com/community/trading/not-much-luck-at-the-moment-for-high-profile-buy-outs.html

They neglected the company in the belief they were about to cash in on its sale.
Hopefully the Liquidators will find a buyer quick and avoid the job losses.

[arista]

Yes its a can of worms

[Anaesthesia]

I work in the Tech industry and it came as a huge surprise...they have good profitability. There's something odd that's gone on, I'd be interested to find out exactly what.

[Vanessa]

It looks like it might of been down to a case of negligence by the owners rather than the company not being profitable.
The owners had been looking to sell up since the start of the year and had offers on the table that looked likely to go through and they didnt bother to tie up new deals with service providers as they believed it would soon no longer be their responsibility to do so.
When all the buy out offers fell through they were left high and dry with service providers no longer obligated to give them phone contracts to sell.

http://www.financial-spread-betting.com/community/trading/not-much-luck-at-the-moment-for-high-profile-buy-outs.html

They neglected the company in the belief they were about to cash in on its sale.
Hopefully the Liquidators will find a buyer quick and avoid the job losses.

I hope so. :(