News roundup—21st October 2009

News roundup—21st October 2009

A private equity firm is considering offering £342
million to acquire multi title mailer Findel,
according to the Daily Mail. The paper doesn’t name the
suitor, an omission that seems odd given its precision
regarding the price the buyer is willing to pay. The article
also states that rival mailer N Brown Group
has asked the Findel board to name a price for the company.
Findel puts its healthcare division up for sale earlier this
year. Its other brands include Express Gifts, Kleeneze,
Kitbag, and Hope Education.

Half-year sales at Home Retail Group rose 3
per cent, to nearly £2.81 billion, exceeding expectations.
For the 26 weeks to 29th August, like-for-like sales at
Argos fell 2 per cent but rose 3 per cent at
Homebase. Benchmark profit before tax inched
up 1 per cent, to £123 million. The web now accounts for 28
per cent of Argos’s sales.

“Debenhams has become the first UK
department store to start selling its products on both
eBay and Amazon,”
The Independent reports.

Sales at PPR’s Redcats
Group catalogue division for the first nine months of
2009 were down 9.5 per cent from the comparable period of last
year. Third-quarter sales fell 10.2 per cent. La Redoute
France was responsible for much of the decline, with
third-quarter sales down 19 per cent. In the UK, Redcats owns the
La Redoute, Vertbaudet, and
Daxon brands.


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