Usually because they have been a failure and sucking money and they too embarrassed to say anything. Another company I know introduced a new IT package for accounting which showed they were making profits until they realised they were losing money and are now slowing using up all reserves and going to close down when all reserve run out.
of course this not happening to SIG but it has done a great injustice to all their franchisees by giving enormous benefits to CW,over 20 years and why I approached Coles & Target in 2017 because I had discovered a loophole in the federal Act. Both showed no interest but Westfarmers which has had no skill at using Target better has now made a takeover offer for API so as to use Target brand and space better. Imo
SIG has a chance with this new SEO who I can only guess what his skills might be but I'm guessing he will help SIG franchisees more and that is where the value in SIG must lie. IMHO.
Major Underperformer, page-14
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