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Fall of the Giant
Posted By peter On 18/02/2007 @ 09:43 pm In Stuff | No Comments
The monster in question is the Rank Organisation. For those of you who don’t know, everyone who grew up from the 1950’s to 1980’s bought something from the Rank Organisation. They pwned everything form Hovis Bread and Sharwoods Sauces to Butlins, CetreParks and Oasis holiday resorts. From Xerox to Pinewood studios, Deluxe Film Services and Odeon Cinemas. over the last 2 decades however they have been selling off all these companies the last 2 being Deluxe and Hard Rock for $750m and $965m respectively. This is however still not enough as they are still $800m in debt. From its start in film and media, through its diversification and now its decline it has always been known for being very influential both socially and politically, buying up it’s competitors and becoming as much, if not more, of a monopoly as P&G are today. Interestingly, the UK government has just passed a bill making “Las Vegas style super casinos” legal and lowe and behold what are Rank Group Plc interested in now but gambling. Owning only 4 companies, Mecca Bingo clubs, Grosvenor Casinos, Top Rank Espana bingo clubs and Blue Square. One has to wonder whether the J. Arthur school of gong beating has struck again…
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