News roundup—13th October 2008

News roundup—13th October 2008

Will the High Street soon become Green Street? Several papers
are reporting that Topshop owner Sir Philip Green is
hoping to buy the debt-believed to be at least £1
billion–held by Baugur, the Icelandic investment firm
that owns a sizeable stake of such retailers as Hamleys,
Oasis and House of Fraser. According to the Liverpool Daily Post, “That would put
him in a position to exert control over the group and negotiate
the acquisitions of various Baugur companies”.

Meanwhile, The Telegraph reports that Baugur has
called in KPMG to “review cash management” at tea
retailer/cataloguer Whittard of Chelsea. But Baugur
denied that the review was related to Baugur’s other woes.

Cataloguer Natural Collection won an RSPCA Good
Business award “for its ongoing commitment to
change,” according to Marks & Spencer won an award
as well, its fourth consecutive RSPCA Good Business award.

Barbara Laithwaite, who co-founded Direct Wines with
husband Tony, is being recognised at this Women of the Year
luncheon, reports the Henley Standard.


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