News roundup–11th September 2009

News roundup–11th September 2009

Not surprisingly, Royal Mail deemed “wholly
irresponsible” the decision of the Communication Workers
Union (CWU) to hold a vote next week on whether to hold a
national strike against the postal carrier “even as talks
between senior management and the union leadership were taking
place,” according to a statement. The results are expected
to be announced on 30th September, during the Labour Party’s
annual conference. In the meantime, postal workers in London are
holding their 11th 24-hour strike since June, according to
the BBC.

As expected, N Brown Group has acquired
certain assets of speciality-size menswear retailer High
& Mighty from the administrator. N Brown, whose
catalogues include big-and-tall menswear specialist
Premier Man, bought the brand, the website, the
stock, and the assets of 14 of the 23 High & Mighty stores for
£1.6 million, according to The Times. It plans to retain the stores as
well as launch a print catalogue for the brand.

Consumer catalogue and web sales at chocolatier
Thorntons rose 13.9 per cent for the year, but
corporate sales plunged 30.7 per cent. As a result, the direct
division overall saw sales down 5.2 per cent from the previous
year. Total Thorntons sales for the year ended 27th June were
£214.8 million, up 3.2 per cent from the previous year.
Profit before tax fell 4.5 per cent, however, to £8.1


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