News roundup—21st April 2008

News roundup—21st April 2008

According to Drapers, Otto Group has decided not
only to hold on to its UK titles, contrary to rumour, but it
will be investing in the business as well. Otto’s UK brands
include Freemans, Grattan, Kaleidoscope and Oli.

Financial Times interviews Sarah Curran,
who co-founded in 2006, and looks at the
challenges of starting up and growing an online-only business.

The head of Arcandor’s mail order division, Marc
Sommer has been tapped to succeed Thomas Middelhoff as CEO when
the latter retires in late 2008 or early 2009, Forbes reports.

“Internet sales have hit an all-time high in the UK as
price-conscious shoppers shun the high street in lieu of
bargain-hunting online,” reports The Independent, as per the IMRG
e-Retail Sales Index.

In “Confessions of a cyber spender,” a
Sunday Times fashionista looks at
“why internet shopping brings out the crazy consumer in
us”. Matches owner Tom Chapman is quoted, and
other companies cited include

Direct marketing executives who are among The Independent’s top 1,000 people in UK
business include Next chief executive Simon Wolfson,
chairman John Barton and finance director David Keens, John
Lewis chairman Charlie Mayfield, Kingfisher chief
executive Ian Cheshire and chairman Peter Jackson, DSG
International chief executive John Browett, Home Retail
Group chief executive Terry Duddy, N Brown chief
executive Alan White and Mothercare chief executive Ben


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