Bunnings swallows industrial empire whole in mega merger Share

[red750]

Popular giant Bunnings has swallowed two large firms whole in a mega merger – including the owner of Hard Yakka and Australia’s biggest industrial and safety supplies firm.

 

https://www.realcommercial.com.au/news/bunnings-swallows-industrial-empire-whole-in-mega-merger/?campaignType=external&campaignChannel=syndication&campaignName=ncacont&campaignContent=&campaignSource=newscomau&campaignPlacement=socref

[old man emu]

For all their expertise in hardware sales, it is strange that Bunnings' attempt to get into the British market failed. Probably it was due to cultural differences such as we have seen with the failure of Starbucks and some other US mobs in Australia.

[onetrack]

The Poms refuse to do any repair work on their houses, they mostly live in council-owned housing and they expect the councils to fix them.

When they do own their own house, they always engage tradespeople to do their repairs and maintenance.

[onetrack]

Another little-known takeover has seen The Reject Shop sell out to a huge Canadian company, Dollarama. The Reject Shop got $260M for their business, and Dollarama has plans to change all Reject Shop store branding to Dollarama.

In addition, Dollarama are going on a massive expansion drive, aiming to enlarge the range of stuff their stores sell, to compete with Target and K-Mart, and even Coles and Woolworths.

 

Dollarama plan to nearly double the number of stores from the current 390 stores, to more than 700. In addition, Dollarama promise huge savings on their product prices, due to their massive buying power.

Dollarama claim that in some cases, consumers will see major decreases in pricing of products they sell, sometimes up to half the current retail price. It will be interesting to see the result, the Canadians apparently love Dollarama stores.

[old man emu]

1 hour ago, onetrack said:

The Poms refuse to do any repair work on their houses

Don't tell Jerry that!

[red750]

Our local Reject Shop was recently renovated to match photos of Dollarama stores, changing aisles from transverse to longitudinal. It still carries the old name but is ready to be updated.

 

[facthunter]

It's not a good thing to Have something Jerry-built.  OME will tell us where that saying originated.   Nev

[old man emu]

"Jerry built" has a couple of possible sources.  From an 1856 use in Liverpool, "built hastily of shoddy materials,"  from jerry "bad, defective". Thr jerry could also be a corruption of "jury" as used in the term "jury mast", a temporary mast put up in place of one that has been broken or carried away." and the earliest citation given is from 1616, with the spelling lury mast.

 

It is wrong to associate "jerry built" with anything German, unless the thing was built by a post-war German refugee working for a shonky house builder.

[willedoo]

8 hours ago, onetrack said:

The Reject Shop got $260M for their business

It would be hard to reject an offer like that.

[Marty_d]

Did that include the $57.45 worth of stock in the stores?