As Comet called in the administrators on Friday, it emerged that its warranties business, Triptych Insurance, was not placed in administration with it. According to the Telegraph, Triptych has a £15 million to £20 million cash surplus, which means that Comet’s owner OpCapita and its US backers “stand to make money from Comet despite buying the retailer for £2 and seeing it collapse into administration within a year”. OpCapita and its founder Henry Jackson agreed a deal to buy Comet last year. The private equity firm, which also owned furniture retailer MFI, has come under criticism for allowing Comet to collapse.
Groupon has slimmed down its customer service department, reports the Independent. The daily deals specialist is understood to have laid off around 300 employees out of an estimated 1,000 staff in the UK. A spokesperson, however, told the newspaper that the figure was wrong and only a “small number” of redundancies were being made.
US-based laboratory supplies distributor VWR International has acquired UK-based Lab3 Limited for an undisclosed sum. Lab3 is an established independent distributor of laboratory consumables, chemicals and equipment, and provider of laboratory technical services in the UK. It is also an existing distributor of VWR products in the UK.
Dove Spa, the professional arm of the Dove skincare brand, has relaunched its online beauty business with an eCommerce website designed and developed by Screen Pages on the Magento platform.
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