Furniture retailer/cataloguer Dwell has secured
a £5 million investment from private-equity firm Key
Capital Partners. KCP will take a minority shareholding
in the business as it ramps up its retail presence from 19 to 52
stores by 2014.
Findel is reportedly considering a sale of its
Express Gifts business. This is Money (The Mail on Sunday)
writes that multititle catalogue group N Brown
is “tipped to be in pole position to buy the business, but
no formal talks have been held.”
The City is expecting DSG, the owner of
Currys and PC World, to
announce a 3.5 percent rise in first-quarter sales this week. The
rise is largely attributed to a 60-day exclusivity partnership
with Apple following the UK launch of the iPad,
reports the Telegraph.
IBM has closed the acquisition of business
software provider Sterling Commerce. IBM had
announced its intention to buy the firm for approximately $1.4
billion (£908 million) in May this year.
HMV‘s investors have called on chief executive
Simon Fox to sell the company’s Waterstone’s
book store business “if a turnaround strategy unveiled in
March fails to boost returns by this time in 2011”, writes
the Guardian.
Administrators at Bolton-based VBA Ltd, which traded under the
brands Sound and Vision, HiFi
Bitz and Digital Direct, have agreed to
a pre-pack sale of the business and assets to Elitemark, a
company run by VBA’s founders. The deal, for £150,000, came
about after VBA failed to gain approval from enough of its
creditors to complete a Company Voluntary Arrangement, reports
the North West Business Desk.
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