Thread.com has gone into administration
- Thread starter Scam
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Permabanned
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Once their debts are paid off (If they have debts) they will wash their hands and probably either live off the money or set up a new adventure business.
Oh honestly..
lol I just got a reply from support about my refund;
That's disgusting, they should not have dumped their customers like that.
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Associate
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https://www.drapersonline.com/news/thread-ceo-ms-is-powering-up-with-our-personalisation it happened fast because it seems to have been a pre-packaged administration deal, so in effect pre-arranged insolvency package before it gets to that point
Pre pack administration is an insolvency procedure which allows an insolvent company to sell its assets to a buyer before appointing administrators. It's a powerful, legal way of selling the business on to a trade buyer or third party.
Pre pack administration is an insolvency procedure which allows an insolvent company to sell its assets to a buyer before appointing administrators. It's a powerful, legal way of selling the business on to a trade buyer or third party.
I got fed facebook ads for this mob all the time, not too sure why, maybe they analysed my photos and thought I needed a new wardrobe.
Think I saw a pitch for a similar concept on Dragon's Den.
The thing that always put me off is I can't see how it will work out cheaper than just choosing my own clothes to buy in sales, you must be paying a premium to fund the R&D etc and and up paying 50% more than necessary for items, albeit perhaps with more fashion sense behind it.
Think I saw a pitch for a similar concept on Dragon's Den.
The thing that always put me off is I can't see how it will work out cheaper than just choosing my own clothes to buy in sales, you must be paying a premium to fund the R&D etc and and up paying 50% more than necessary for items, albeit perhaps with more fashion sense behind it.
I'm not a legal person but have a relatively good understanding of UK GDPR, and that's really borderline.
My interpretation is that they are not supposed to do that.
But I guess they think they can, I guess what they factor in is your average Joe at worst will complain, which they can sort on an individual basis.
better than flat out dissolving bankruptcy
The M&S DPO team have replied to my request to have my data deleted.
Yes, they put my name in capitals, yes, it was as badly spaced as this, yes, the 'this link' text doesn't go to a link, yes, the 'contact us by:' field doesn't have a date and no, they haven't told me what information they want from me so the 'look forward to hearing from you' part is meaningless.
What an absolute shambles, this reflects poorly on their IT department, their DPO department and their Customer Service department.
Yes, they put my name in capitals, yes, it was as badly spaced as this, yes, the 'this link' text doesn't go to a link, yes, the 'contact us by:' field doesn't have a date and no, they haven't told me what information they want from me so the 'look forward to hearing from you' part is meaningless.
What an absolute shambles, this reflects poorly on their IT department, their DPO department and their Customer Service department.
Soldato
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Welcome to the world of start ups. I've been working in them for nearly ten years. One shut down and changed the door codes while we were out having a team meal. That was a pre-pack closure where the investors set up a new company to buy the old one and start again. Being bought out by a genuine third party is the best outcome for the team because shares and options are realised and the most important staff get a high pay handover/transition contract that could become permanent. You don't have job security and the company normally stretches itself between investment rounds, but if it flies you get the pay off. I haven't scored yet. The poor customers, however, are not interesting to the buyer unless it is a subscription/ongoing fee type of service.
As you may be aware, the right to have your data deleted (‘right to be forgotten’) under the UK Data Protection Act 2018 (and UK GDPR) is not an absolute right and M&S may need to retain some of your personal data if this is necessary and lawful.
This is ********, they are correct they are able to retain information under certain circumstances, there is no possible circumstance or legal reason for M&S to keep ANY of your personal information.
I sent quite a snotty email back in reply to that rubbish I received above from M&S, I copied it to the Customer Services director, the IT director and the CEO. Amusingly, I got an out of office from Jo Moran, the CS director saying that she's on a "Career break" and pointing me towards an alternate, Catherine Blanford.
I've just had a reply from Stuart Machin's office. He's the CEO of Marks and Spencer.
I would encourage anyone who's had their details sold from Thread to Marks and Spencer to contact them at [email protected] (perhaps copying in [email protected] or [email protected]) asking for your details to be removed under the 'right to be forgotten'.
This whole Thread insolvency / administration thing is really bad, it's created a lot of bad feeling towards Kieran & Ben, the Co-founders of Thread, especially with the way they've treated their existing customers. For them to do this and swan into another role at M&S leaves a really bitter taste in the mouth.
I've just had a reply from Stuart Machin's office. He's the CEO of Marks and Spencer.
I would encourage anyone who's had their details sold from Thread to Marks and Spencer to contact them at [email protected] (perhaps copying in [email protected] or [email protected]) asking for your details to be removed under the 'right to be forgotten'.
This whole Thread insolvency / administration thing is really bad, it's created a lot of bad feeling towards Kieran & Ben, the Co-founders of Thread, especially with the way they've treated their existing customers. For them to do this and swan into another role at M&S leaves a really bitter taste in the mouth.
Oh look, surprise surprise. Not only have they sold the business, they've sold themselves.
Thread's founders Kieran O'Neil and Ben Phillips are joining M&S, which is also hiring 30 of the firm's former data scientists, software engineers and styling and creative team members. This team will lead the integration and form a new Personalised Discovery team within the M&S Data and Digital function.
Marks & Spencer acquires IP developed by collapsed fashion marketplace Thread - TheIndustry.fashion
Marks & Spencer has acquired the intellectual property developed by collapsed fashion marketplace Thread, as it seeks to boost revenues from newwww.theindustry.fashion
Like a lot of takeovers, they will have likely had a nice payout, and will work for m&s for a few years before leaving.
I'm torn because I actually quite like M&S. In fact the last successful purchase I had from Thread was an M&S coat. My girlfriend tells me M&S have branched out into stocking other clothing brands, so if they're using Thread's technology to improve that, well that's not a bad thing and I can't blame the company for buying superior tech. I might even use it in place of Thread. It's the people at Thread that have ruined this, and the whole way it has been handled. From a start-up where people, social media, and good will mean a lot, I'm just so surprised it's been handled so badly. I'm not one to defend banks, but why should my credit card company foot the bill for some tech company that went wrong and had to sell?
I think we all know that. Then they'll go onto the next start-up. When that happens, it'll be interesting to see if anyone remembers how this went down.
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