Vintage-inspired accessories retailer Ollie &
Nic has been rescued from administration by a consortium
of investors including Peter Davies, Richard Sims and Chris
Inman. The trio previously held senior roles in
Arcadia and were part of the Rubicon team that
undertook a management buyout of Warehouse and
Principles from Arcadia in 2001. They have since
been involved in the development of apparel retailer Mint
Velvet.
Ollie & Nic appointed MCR as administrators on 17th February. It
was subsequently sold as a going concern. Founders Nick and Jane
Hill will continue to be involved in the future growth and
development of the brand alongside incoming managing director,
Mark Vandenberghe, formerly international director at
Monsoon Accessorize. The founders were advised
by Clearwater Corporate Finance.
Shop Direct, the parent company of
Very and isme, is planning to
launch two mobile-optimised websites this year. It has been
supporting an iPhone and iPad shopping app for Very.co.uk since
April 2010 and is now using the Adobe Scene7 platform to deliver
rich media video and images to mobile devices. Since its launch
the Very app has been downloaded more than 50,000 times.
Luxury-goods etailer My-Wardrobe is relaunching
its website, making it more upmarket, writes the
Financial Times.
Waitrose is going head to head with
Ocado, the online grocer it supplies, by
launching its own home-delivery service, reports the
Telegraph. Until last year Waitrose was barred from
delivering within the M25 as part of a supply agreement with
Ocado, writes the paper. However, a £10 million investment
into a new web platform will now kick-start its multichannel
operation.
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