Famous Army Stores Ltd. was a major independent retailer of camping equipment, outdoor clothing footwear and army supplies. It was based in Garston, Liverpool, It had been owned and managed by the well known Wilson family of Liverpool,whose business interests had included the Starways Airline which operated out of Liverpool. But in 1996 a management buy-out was carried out by Financial Director, Graham Smith and two colleagues. The chain then rapidly grew from 100 stores to 200 in an amazing change of fortune with a turnover of £50 million. Foot and mouth disease plunged the once profitable business into severe debt, with the company's bankers cancelling the companies overdraft the company was placed in administration. The preferred bidder and eventual owner, Blacks Leisure Group (Blacks), acquired 47 stores and all of the stock for £1.7 million. While Blacks retained all of the staff from the 47 stores, most of the managers left the business as the stores' brands were changed to Millets or Blacks.
Famous quotes containing the words famous, army and/or stores:
“Celebrity distorts democracy by giving the rich, beautiful, and famous more authority than they deserve.”
—Maureen Dowd, U.S. journalist. The New York Times, “Giant Puppet Show,” (September 10, 1995)
“Olivia Dandridge: You don’t have to say it, Captain. I know all this is because of me. Because I wanted to see the West. Because I wasn’t, I wasn’t army enough to stay the winter.
Capt. Brittles: You’re not quite army yet miss, or you’d know never to apologize. It’s a sign of weakness.”
—Frank S. Nugent (1908–1965)
“Piles of gold are not as good as stores of grain.”
—Chinese proverb.