Mohamed Al Fayed has sold Harrods to the Qatari
royal family in a deal rumoured to be worth £1.5 billion. He
had owned Harrods since 1985 when he acquired it from the House
of Fraser group for £578 million, reports the Guardian.
Jo Malone, creator of the scent and candles
brand, talks to the Telegraph about why she chose to make High
Street Dreams, her new programme for BBC One. Choice quote:
“If Mary Portas is Queen of Shops, then Malone is setting
herself up as mistress of marketing”. Also interesting is
that since stepping down as chief executive of the retail chain
bearing her name, she cannot call anything Jo Malone anymore. But
that isn’t stopping Malone-who is recovering from breast
cancer-she is on her way to launching a new business under a new
moniker.
The chief executive of homewares and apparel retailer
Next says he backs a VAT rise to get Britain out
of debt. Simon Wolfson, who is an advisor to the Conservative
party, told The Sunday Times that a VAT increase is an
obvious choice but that it should be “delayed-perhaps until
January 2011-to give the economy time to adjust, and it should go
no higher than 20 percent”.
Beauty giant Avon, organic veg business
Riverford, and jewellery firm Jo
Magdalena are featured in a Financial Times article on the rise of direct
selling through the party-plan and face-to-face model.
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