Wednesday, April 21, 2010

Pearl & Dean sold for £1

Now here's an irony. All those times sitting in cinemas like the Regal and the Hippodrome watching Pearl and Dean commercials, waiting for the chance to see cowboys in colour, and they are themselves sold now for just a pound! Bargain for someone. It appears that quite a few companies are now being sold for a pound. My twitching antennae are telling me that that's not all there is to it, that the world of business is more about deals than about common sense these days. According to the BBC Pearl and Dean have been for sale for nearly four years. What was the original asking price, I wonder? And if businesses can be sold for a pound does that encourage those with time on their hands rather than those with deep pockets?

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