BUNCH OF CROOKS !!!

All. Interesting reading these comments, makes me remember a few things in the old days. Early 2001 RHG embarked on a major exercise to identify the true cost of sales and ensure we sold at the right price. That was delivery good results but got canned because PPX thought it a little complex. During the early years of the acquisition, PPX drained money out of the UK and Europe to fund those dead loss mills. When the money ran out in Europe in 2010 they tried to dump Europe then and walk away. A rescue idea from Europe was to rescue PPX by selling all the assets. Also the purchase price of the merchant group was lowered by the amount deficient in the pension schemes, PPX was meant to make that good. In 2010 Europe paid the wages bill of Spicers in America because they had no cash.
So where did all the money go ?. I dont think anyone other than the PPX board made vast amounts. Perhaps various fraud agencies should be having a very long look at the activities of the PPX board and management that ran the company from Australia