Brian Dunn, the chief executive of Best Buy, has
quit the business amid an investigation into his “personal
conduct” reports the Telegraph. An official statement from Best
Buy, however, says there have been “no disagreements between
Mr Dunn and the company on any matter relating to operations,
financial controls, policies or procedures”, but rather
that it was mutually agreed “that it was time for new
leadership to address the challenges that face the
company”. Mike Mikan has been named interim chief
executive.
France-based cataloguer/etailer 3 Suisses has
closed its Dutch eCommerce website.
Ann Summers saw its profits halve last year,
from £5 million to £2.7 million, while sales also
declined from £118 million to £115 million, reports the
Daily Mail.
Chris Houghton, currently group managing director of Christmas
savings, gift voucher and prepaid gift card provider Park
Group, has been promoted to chief executive officer. The
company announced today that a strong performance in its prepaid
card and Christmas savings divisions have resulted in record cash
balances, which are currently some 21 per cent, or £11
million, ahead of the level a year ago.
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