News roundup—26th January 2009

News roundup—26th January 2009

Cataloguer/retailer Sofa Workshop entered
administration on Friday, reports The Times. Administrators Leonard Curtis
said that it has received an offer to buy the business.

Footwear merchant Stylo, whose brands include
Barratts and Priceless, has suspended trading
“pending clarification of its strategic options,”
according to the Yorkshire Evening Post.

Parcel carrier Home Delivery Network will be cutting
nearly 700 jobs as it closes six of its depots, according to

The EU is looking at what The Guardian calls the “tax
dodge” by which direct marketers ship goods from the
Channel Islands in order to avoid paying VAT on goods,
primarily CDs, DVDs, and vitamins.,, and Flying Brands are
among the companies cited as benefiting from the loophole.

Charles Tyrwhitt founder Nick Wheeler is one of a group
of consumer-goods executives who have formed a £10 million
investment fund to provide small companies with financial
backing and advice, reports the Financial Times.

Last Sunday an interview with John Allan, incoming chairman
of electricals retailer DSG International, appeared in
The Telegraph. This weekend The Daily Mail ran an interview with the
soon-to-be boss of Currys, Dixons, and PC World.


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