News Woolworths closure to cost Ubisoft £1.3m

http://www.bit-tech.net/news/2008/12/12/woolworths-closure-to-cost-ubisoft-1-5m/1

The closure of Woolworths in the UK is set to cost Ubisoft more than £1.3 million apparently.

 

That's a bit of a bugger, that.

 

Headline made me laugh, especially since the French originally thought they were above all this financial stuff to begin with because they don't 'irresponsibly' lend mortgages etc

 

I cant help giggling because of 'It's not funny'

Sorry

 

oh, boo hoo.

 

Heh, I say bring the "credit crunch" on. I'm on a fixed income with no debt, it's great for me right now.

 

maybe the shock will jump start them into properly integrating widescreen into their games

then again probably not

 

This will mean companies (Ubisoft included) will start turning the screws on other retail establishments that currently 'owe' money for products they have received.. so no more 60+ days to settle your accounts.. suppliers are going to be wanting the cash very quickly after the order, if not before to limit their risks of defaulting on payment.

I take it the supplier of all the pick n mix sweets has gone bust overnight then if woolies are not paying money owed to people !

 

Nintendo could afford to buy Woolworths and turn the shops into Nintendo Shops, selling everything at RRP like they really want.