Jack Wills, the British fashion retailer, has
appointed Wendy Becker, who was previously group marketing head
at Vodafone, as chief operating officer.
According to the Telegraph the appointment has added to
speculation that the group is preparing to undertake a stake sale
or is getting ready to float.
Struggling sportswear retailer JJB Sports is
finalising a restructuring plan to help secure its future within
two weeks. Last month the retailer warned it would need
fresh funds to pay for its store refurbishment programme
sooner than it had expected as it battles poor trading figures
and rising debts and it is rumoured that the management has now
been given a deadline of the 5th September to submit the
proposals for a financial restructuring. The Scotsman has more on the story.
Parcel delivery firm Shutl has secured a $2
million investment from new investor the UPS Strategic
Enterprise Fund and existing investors including
Hummingbird Ventures and
GeoPost. The new investment will be used to
expand its engineering team, accelerate the acquisition of new
retail partners and prepare to launch its service in the US in
early 2013.
Jeweller Tiffany & Co has reported a 1 per cent
slide in second-quarter sales in Europe as well as “relative
softness” in the UK. According to the Independent sales at Tiffany & Co will now
grow by up to 7 per cent this year, below the previous guidance of
up to 8 per cent, with profits guidance, also lowered.
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