Celebrity chef Jamie Oliver is still planning to take his
direct-selling business “Jamie at Home” to the US and
to Australia despite reporting that fewer people attended the
Tupperware-style parties and those who did, spent less, according
to the Sunday Times. Pretax profits at Jamie Oliver
Holdings fell from £8 million to £3 million in 2011.
They would have reached £9 million last year, but were hit
by a one-off £6 million provision for the investment in
Jamie at Home.
A Qatar-based investment company has bought luxury handbag brand
Anya Hindmarch, in deal that values the business
at up to £30 million, reports the Telegraph.
In an interview with the
Daily Telegraph Andy Bond, chairman online bicycle retailer
Wiggle and apparel firm company
Republic, said Amazon will
become the world’s biggest retailer by 2020, pushing
Wal-Mart into second place. Amazon currently has
a market value of $106 billion (£68 billion), compared to
Wal-Mart’s $252 billion capitalisation, notes the paper.
Following the exit of its chief executive, HMV
Group has confirmed that group finance director David
Wolffe is also leaving the business. He will remain with the
business until a successor is appointed.
The Scotsman reports that
Invesco, the largest shareholder in JJB
Sports, “has been linked with a plan to force
through a radical shake-up at the embattled retailer”.
According to the piece, Invesco has proposed to buy JJB’s
outstanding debt from Lloyds Banking Group so that it could work
with one of the retailer’s other main backers, Dick’s
Sporting Goods, “on a major restructuring
plan”.
According to BDO’s July High Street Sales Tracker, like-for-like
sales at mid-tier retailers were down 2.9 per cent year on
year-the sharpest fall in retail sales since October 2011. By the
same token, sales through “non-store channels”
witnessed an uplift of 24.9 per cent year-on-year as consumers
stayed out of the rain and shopped from home.
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