Fashion retailer New Look is returning to the
stock exchange, aiming to raise £650 million by floating the
business. For the six months to 26th September 2009, New Look
generated revenue of £706 million, and adjusted EBITDA of
£117.8 million.
The future of Reader’s Digest UK, the local arm
of the global publisher and direct marketer of books, magazines,
music collections, and videos, is in jeopardy after the UK
pension regulator blocked a deal to reduce its £125 million
pension deficit, reports the Telegraph. US parent, Reader’s Digest
Association Inc, filed for Chapter 11 bankruptcy protection in
August 2009.
Nice work if you can get it: the new Marks &
Spencer chief executive Marc Bolland will join the
company on 1st May, receiving up to £15 million in salary
and bonuses.
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