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Vinnyboiler

This popular indoor market in Stratford has been forced to close (www.timeout.com)

submitted 10 months ago by HeartyBeast@kbin.social to c/london

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The market was known for everything from groceries to clothing and electronics.

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[–] Vinnyboiler 3 points 10 months ago (1 children)

I hope we get some sort of intervention here but I doubt it.

[–] Tweak 3 points 10 months ago (1 children)

We won't, I suspect this is a leveraged buyout. The purpose of which is usually to bring down a business by saddling it with debt. The motive is always obscure, but this being London I expect it's to do with property development.

[–] HeartyBeast@kbin.social 3 points 10 months ago (1 children)

Property seems a bit unlike when the market operates inside Stratford shopping centre.

[–] Tweak 2 points 10 months ago

You're probably right. I don't really know how this works, or any detail beyond the articles I linked and the Companies House information I pulled up about the business that owns the property. Hell, I'm sure if an actual accountant looked at the filings and my comments they'd quickly put me in my place over something significant.

I'd be interested in poking into the previous owners and the 2019 sale of the property, but I don't have any leads to start on that.