The Quelle catalogue division of insolvent German
retailer Arcandor was granted a €50 million
government loan, according to Dow Jones. The loan still needs to be approved by
the EU, but that is expected to take place today.
“Plans to inject capital into Royal Mail that would
avoid the need to sell part of the postal group have been
discussed by senior Labour MPs and ministers in recent weeks,
The Times has learnt.”
At number two on the Deloitte Times Top Track 100, Alliance Boots is the
top-ranked retailer. Others on the list of the country’s largest
private companies are John Lewis Partnership, number
three; Shop Direct, number 19; and New Look, number
The Sun has photos of French First Lady
Carla Bruni modelling lingerie for a 1989 Next
catalogue. The news peg: Next is celebrating its 21st
anniversary this year.