News roundup–Habitat sold, Christmas spending, more

  • 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

  • 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
    “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
    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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