Is this a case of diversification a step too far? According to
reports in the Financial Times and the Telegraph, auto accessories retailer
Halfords is considering acquiring
Hobbycraft, the retail chain selling arts and
crafts items.
Germany-based Bertelsmann, which wound down its
UK and Dutch bookclub businesses last year, has pulled out of the
Italian bookclub market. It sold its stake in the
Mondolibri book club and the
Bol.it online bookstore joint ventures to the
other partner, Italian publishing group
Mondadori, for €6.75 million (£5.93
million). Bertelsmann says it aims to continue selling via clubs
in German-speaking territories, France, eastern Europe, and
Spain.
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