Sportswear retailer JJB is calling on its
shareholders, including computing mogul Bill Gates, to help raise
at least £31.5 million in order to see it through the next
few months and prevent its collapse. In related news, JJB’s
chairman John Clare has stepped down and will be replaced by Mike
McTighe. Dave Williams is named chief financial officer,
succeeding Lawrence Coppock.
Payments provider WorldPay has acquired
Cardsave, a credit and debit-card processing
service provider, from private equity house Exponent for an
undisclosed sum.
In the year ending July 2010, sofa retailer DFS
saw sales rise 13 percent to £653 million and adjusted
earnings rise 10.6 percent to £71.8 million, reports the
Yorkshire Post.
Hair and beauty products etailer Hair X-Tensions
has rebranded as Harland Corporation as it
prepares to ramp up its presence in the market. Among its
projects for 2011, writes the Journal, is moving into selling professional
products for salons, such as shampoos, salon scissors and hair
dryers.
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