News roundup–Argos files toxic sofa lawsuit, new FD at Findel, more


News roundup–Argos files toxic sofa lawsuit, new FD at Findel, more

Argos’s insurers have launched a £13 million lawsuit against
leather technology supplier Leather Trade House with the aim of
recovering millions of pounds after the retailer was found to
have sold toxic sofas, reports the Telegraph.

Kristine Kirby, formerly home shopping director at apparel
retailer Fat Face and eCommerce and systems
director at fashion boutique Lipsy, has joined
Monsoon Accessorize as eCommerce and
multichannel marketing director.

Findel has a new finance director. Tim Kowalski,
formerly of N Brown Group, joins as group
finance director effective 2nd August replacing Chris Hinton.
Hinton will remain with the company in the short term to
facilitate a smooth transition.

Kitchenware cataloguer/retailer Lakeland is
funding a new Channel 4 daytime TV series called Lake on a
Plate. According to the Guardian, the show will feature recipes using
ingredients sourced in the Lake District that will then be posted
on Channel 4’s website and on Lakeland’s online shop.

The Guardian reports that only 3 per cent of
eligible customers have taken up the option of buying
Ocado shares ahead of the grocery businesses
float. The article goes on to say that the offer to customers is
“believed to have raised somewhere between £6 million
and £10 million, far short of the £50 million maximum
directors had set”.

Littlewoods is sponsoring this year’s Pride of
Britain awards, writes the Mirror.

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