Following press speculation that it’s “game over”,
embattled video-games retailer Game Group has
released a statement this morning notifying the City that it is
still in discussions with its suppliers and lenders. “While
these discussions are ongoing,” it claimed, “it has not
been possible to source new products from a number of suppliers”.
The company warned that it is “uncertain” whether the solutions
explored by the company’s board will be successful or whether any
value can be realised from the company’s shares.
Lawyers from the Channel Islands are travelling to the high court
in London this week in “a last-ditch effort” to
overturn the government’s decision to scrap low value consignment
relief (LVRC). The Guardian writes that lawyers for Jersey will
argue the proposed crackdown would result in “severe consequences
and hardship for Jersey as a whole”. It also reports that lawyers
will warn the high court that two of the island’s biggest
employers–Play.com and Amazon
partner Indigo Starfish-“are already
carrying out ‘detailed business and logistics planning’ before a
likely transfer of their Jersey operations to other tax havens
where they can continue to target British customers and exploit
the VAT loophole.”
Boots has opened a new service centre to support
order processing for Boots.com and for the company’s
international distribution as well as Christmas ranges. Boots has
invested £50 million in the new centre, based in
Burton-upon-Trent, which includes the purchase of the existing
460,000 square-foot building and its total refurbishment. Knapp
was chosen to provide warehousing facilities, including automated
handling systems. The new service centre will employ up to 1,000
people during peak times, when some 900,000 singles per day will
be processed. It supports orders for delivery directly to the
customer’s home (approximately 60 per cent of online orders) and
orders for collection from the customer’s chosen store (about 40
per cent).
The
Sunday Times interviews James Middleton (Kate and Pippa’s
brother) about being a young entrepreneur by looking at the
success of his business The Cake Kit Company.
The piece skirts around his family connections and notes at the
end “of course, if it were not for his sister’s
stratospheric social rise, it is doubtful anyone would care much
about Middleton.”
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