Investors in struggling DVD and music chain HMV
have told the Guardian they will not support a rights
issue, meaning HMV may need to rely on “raising cash via
asset sales, as well as shutting stores and offloading expensive
high-street leases”.
Sky News blogs about
Play.com seeking investment to fuel its planned
expansion. According to the post, Play.com has appointed
investment bank Lazard, to “find a buyer for a significant
stake in the company”.
Home Living Online, an online retailer of
furniture, has ceased trading and appointed David Rubin &
Partners as liquidator. In a statement, the liquidator said it
was still working on establishing ownership of the stock that
remains in the warehouse before seeking a buyer for the assets.
At this stage it is uncertain what level of dividends will be
payable to the creditors, but, says Asher Miller, partner at
David Rubin & Partners, “the amount is likely to be
nominal”.
Technology etailer Expansys has revamped its
website and plans to rollout the new design to its 50
international ecommerce stores, reports Manchester Evening News.
A good financial performance by Marks & Spencer
last Wednesday did not offset the gloom on the high street right
now, writes the Guardian: “The spate of profit warnings
[by Home Retail Group, Halfords, Dixons and
Mothercare] is worrying investors, with other retailers’
shares coming under pressure,” it reports.
Luxury British brand Jaeger has appointed
prepress specialist ec2i to create and manage an asset management
system for the Jaeger and Aquascutum brands. The system will
initially store images, but can be used to store video and sound
as well as collateral from previous campaigns.
Scilly Flowers, The White Company, Dwell, Harrod
Horticultural and others are mentioned in a Guardian article on spring cleaning.
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