The German government refused to grant struggling
Arcandor state aid yesterday, but it has given the company
one last chance to put together a new application that includes
“a viable plan for its future,” according to
Reuters. Arcandor, whose Primondo
catalogue division includes the Afibel, Madeleine, and
Peter Hahn apparel brands, had earlier said it would
file for bankruptcy if it did not receive government
assistance.
The EU Court of Justice will hear Interflora’s suit to
stop Marks & Spencer from bidding on its trademark name as
a Google AdWord. The High Court in London passed the case on to
the European court after deciding the law was unclear on the
matter. Interflora has already settled out of court with
Flowers Direct, which it had also sued.
Equestrian cataloguer Derby House has launched
EquineXchange, an online advertising portal for the horse market.
The website charges monthly fees for ads selling horses and
ponies as well as items such as saddlery and riding holidays. To
launch the site, Derby House is offering free adverts for one
week.
Like-for-like retail sales in May fell 0.8 per cent from last
year, according to the British Retail Consortium. The decline is
a turnaround from April’s 4.6 per cent rise in sales. The BBC quotes BRC director general Stephen
Robertson as saying, “The turnaround in sales of big-ticket
items such as furniture and large electricals, which would
indicate real change in the mood of customers, still eludes
us”.
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