Pizza Express set for talks over £1bn debt pile Pizza Express set for talks over £1bn debt pile - Page 2
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  1. #11

    More fingers than teeth

    scooterscot is a fount of knowledge

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    Quote Originally Posted by d000hg View Post
    Presumably the debt is from rapid growth and buying premises?
    Funds used to buy controlling shares.

    It's not so different to over leveraged home buyers at the height of the housing market borrowing more cash than they could afford. Irresponsible lenders or smart ass bond holders about to collect a lot of assets.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  2. #12

    Contractor Among Contractors

    sal 's job has never been outsourced


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    Classic move by Private Equity firm:

    1) Buy a OKish doing, well recognised and respected brand
    2) Saddle it with debt up the wazoo
    3) Pay out generous dividends and compensation packages to the directors
    4) Enter administration

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