Icelandic investment fun Kcaj, which owns multichannel retailers Blooming Marvellous and Aspinal of London, among others, is scrambling to raise emergency funding, according to The Times. If it doesn’t receive the money, it will likely go into administration this week. In the meantime, Kcaj is trying to sell maternity fashion brand Blooming Marvellous, which may otherwise go into administration as well.
The incoming chairman of troubled electricals retailer DSG International is John Allan, chief financial officer of Deutsche Post, according to The Telegraph.
Year-on-year sales at fashion etailer ASOS increased 118 per cent for the nine weeks to 16th January, and sales for 42 weeks to 16th January were up 108 per cent.
Here’s something you don’t see every day: A cataloguer hiring more staff. Multi title mailer N Brown Group is hiring 30 employees at its Manchester call centre to handle more debt-collection work. According to Crain’s Manchester Business, it will be using fewer outside debt collectors, as their fees have increased in what is now a seller’s market for their services. Meanwhile, N Brown will launch English-language websites for France, Italy, the Netherlands, Portugal, and Spain next month, at the same time it debuts its Simply Be women’s fashion catalogue in Germany, reports the Manchester Evening News.
Memorybits.co.uk, an etailer of computer accessories, has made 16 workers redundant as it moves its warehouse to Switzerland to better serve its Continental customers, according to ITV.
Graham Rubin, managing director of grey-market catalogue Chums, is director of DakotaGlass, a new company formed to buy the assets of failed glass company Greenberg, reports the Liverpool Daily Post.
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