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:
“Madame Sosostris, famous clairvoyante,
Had a bad cold, nevertheless
Is known to be the wisest woman in Europe....”
—T.S. (Thomas Stearns)
“Man is the end of nature; nothing so easily organizes itself in every part of the universe as he; no moss, no lichen is so easily born; and he takes along with him and puts out from himself the whole apparatus of society and condition extempore, as an army encamps in a desert, and where all was just now blowing sand, creates a white city in an hour, a government, a market, a place for feasting, for conversation, and for love.”
—Ralph Waldo Emerson (1803–1882)
“When their stores are full, idiots are considered wise.”
—Punjabi proverb, trans. by Gurinder Singh Mann.