- Restructuring specialist Hilco has acquired
loss-making furniture retailer Habitat after its
former parent, Ikea heirs the Kamprad family,
“agreed to write off its debts and provide €50
million [£45 million] of working capital,” reports the
Times. The paper also
profiles Habitat chief executive Mark
Saunders. - Market research firm Verdict is predicting a fourth-quarter
decline in consumer spending this year, according to the
Independent. But
another report, from the Centre for Retail Research on behalf
of online portal Kelkoo, predicts that
Christmas spending this year will be up by £832 million
over last year. And VoucherCodes.co.uk
“said 4.2 million shoppers are on course to take
advantage of online special offers this month, compared to 2
million last December,” according to the Telegraph. -
The Times has an in-depth
interview with Charles Tyrwhitt founder Nick
Wheeler. Fun fact: Wheeler and his wife, White
Company founder Chrissie Rucker, “share a
chauffeur, who picks them up from their home near Thame each
morning, drops them in turn at their firms, and then picks them
up again at night”.
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