Lingerie etailer Figleaves has “received several
bid approaches and has hired GP Bullhound, a corporate-finance
firm, to advise it”, writes the Times. The 11-year-old firm is on “the verge
of becoming profitable for the first time” and a deal will likely
value Figleaves at £40 million.
In another IPO story, this time from the Telegraph, Ocado is expected
to storm into the FTSE 250 when it floats on the stock exchange
in May. The online grocery retailer is believed to be valued at
more than £1 billion.
Electronic, electrical, and industrial distributor
Electrocomponents saw UK sales rise 5 percent,
and international business grow by 12 percent in January 2010,
compared with the same period last year. The Times carries a profile of the business and a
Q&A with its chief executive Ian Mason.
Bookseller Waterstone’s admits “terrible
mistake” in recommending a book about a serial killers to
children who are “reluctant, struggling or dyslexic
readers”. The recommendation appeared in Waterstone’s Guide
to Kids’ Books, which is available in stores and via mail order,
reports The Times.
The Scotsman interviews Clare Thommen, owner of
lingerie retailer Boudiche.
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