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英國Foxtons公司

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Foxtons(福克斯頓公司)

英國Foxtons公司網站網址http://www.foxtons.co.uk/

目錄

Foxtons公司簡介

  福克斯頓(Foxtons)公司於1981年在諾丁山成立,現在已經成為成為倫敦的主要房地產代理

Foxtons is a London and Surrey estate agent with 24 offices, dealing with both lettings and sales. It was founded by Jon Hunt in 1981 and was acquired by private equity firm BC Partners in 2007 for £390m. In May 2008 the Camden office was opened becoming the largest estate agent office in Europe.

In January 2009 the Times reported that Foxtons had breached their capital covenants and that that BC Partners were unwilling to bailout Foxtons.

History

Foxtons was founded in 1981 in Notting Hill Gate, London, as a two-person estate agency.In 1982, Foxtons opened a second office in Fulham Broadway, using a "0% commission" offer.

2001 saw the launch of promotionally branded Minis, bearing the Foxtons logo.

Trade bodies

Foxtons have been criticised for not being a member of either the Royal Institute of Chartered Surveyors or the Association of Residential Letting Agents, because Foxtons is not bound by their codes of conduct. Foxtons is a member of the Ombudsman for Estate Agents and the The National Approved Letting Scheme as well as Tenancy Deposit Protection Scheme

Foxtons is known for its high fees for rentals and have been the subject of an injunction from the Office of Fair Trading due to the alleged use of unfair terms in their letting contracts.

In March 2006 the BBC launched an investigation called "Whistleblower" accusing estate agents prominently including Foxtons of "lying to customers, faked signatures, false passports and dodgy deals with developers".

In January 2008 they were criticised for their staff launching "a barrage of vicious and personal attacks" against residents of Balham via the website of a local newspaper.

Foxtons USA

Foxtons North America, was a subsidiary of Foxtons in New York and has now filed for Chapter 11 bankruptcy.According to Foxton's own website, it is no longer engaged in the listing of homes in the United States.

On October 17, 2008 a class action lawsuit was filed by attorney David A. Krenkel, Ocean Twp., New Jersey on behalf of the Foxtons' employees.[citation needed] The lawsuit is seeking class action status against the discount real estate brokerage for allegedly firing employees without sufficient warning. The lawsuit was filed in Federal Court in Trenton, NJ and claims Foxtons laid off 350 of its 380 workers in late September without 60 days notice as required by the Federal WARN Act.

In 2009, David Krenkel, a New Jersey employment lawyer, and Lisa Krenkel from the law firm of Krenkel & Krenkel, LLC, along with co-counsel, The Gardner Law Firm, Lankenau & Miller, LLP and Margolis Edelstein, settled a class action lawsuit for $475,000.00 against Foxtons, Inc., a discount real estate brokerage firm located in West Long Branch, New Jersey. The complaint was filed in the United States Bankruptcy Court and alleged that Foxtons terminated 350 employees without sufficient warning. The lawsuit alleged that Foxtons violated the Worker Adjustment and Retraining Notification Act, 29 U.S.C. 2101, et seq.

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