171–180 of 297 posts
”Tesco, a retail conglomerate headquartered in the United Kingdom” For any non Uk people, it’s the largest supermarket in Uk. Combination of large stores and smaller high street convenience stores. (2nd largest was owned by Walmart who sold it recently to private equity and so now it’s saddled with debt and being ruined…).
And it has no US comparison. The tesco meal deal concept, the literal wall of choices, just doesnt exist in north america. I did a big work trip to the UK a couple years back with over 100 people. I tried to explain meal deals and nobody believed me. Then our people basically stripped the meal deal shelves of the tesco express beside our hotel.
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Meal deals are in every supermarket in the UK. Petrol stations even do them. Also, as a foreigner who lives over there, I think they are... sad? I'm surprised they got a positive reception from your coworkers. For me they are a backup and a failure to do something more interesting.
What people don't realise is the startups here in the UK run on miserable sandwiches, tasteless crisps and energy drinks. Middle management lives on slightly more expensive platters from Pret.
Good on them for sticking it to Broadcom.
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What people don't realise is the startups here in the UK run on miserable sandwiches, tasteless crisps and energy drinks. Middle management lives on slightly more expensive platters from Pret.
Local food markets offer much better options than Pret to be fair
I wonder if it's fair to say Tesco are experiencing being treated somewhat like they treat farmers!
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Walmart had already ruined ASDA to be fair, it's not like private equity is doing worse.
The fifth largest (Morrisons) was also sold to PE with predictable results. https://en.wikipedia.org/wiki/Morrisons#CD&R_takeover
So many well-known UK companies have been sunk by debt interest on loans taken out to acquire said companies.
By all means use the companies to secure loans, but the liability should be on the books of the parent companies not the companies being acquired!
There have even been cases where the companies have been effectively asset-stripped by "sell and lease back" of property, leaving the companies a shell of their former selves with no meaningful assets, so as soon as there are any unexpected headwinds they collapse.
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The fifth largest (Morrisons) was also sold to PE with predictable results. https://en.wikipedia.org/wiki/Morrisons#CD&R_takeover
In really grinds my gears that the buying companies take out the debt to take over against the companies themselves. So many well-known UK companies have been sunk by debt interest on loans taken out to acquire said companies. By all means use the companies to secure loans, but the liability should be on the books of the parent companies not the companies being acquired! There have even been cases where the companies…
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A sandwich, bag of crisps and a drink for £5 is an actual deal. Sandwich alone in U.S. would be $10 and the “$15 Meal Deal” just doesn’t have the same ring to it.
Meal deal = main + snack/side + drink The "main" has expanded to Huel, salads, wraps, sushi, even hot food The "snack" can be more than crisps: small bags of fresh chicken, 2 boiled eggs, small sushi pack, gyozas etc The "drink" includes quality smoothies, acceptable vending machine coffee etc Meal deal value maximizing is the whole game lol. There are also lots of healthier options if you choose carefully In certain…