Reader’s Digest has been acquired out of
administration by private equity firm Better Capital for £13
million. Chris Spratling, Reader’s Digest UK managing director,
who remains at the helm, said the business is free of debt
following its buyout, reports the Guardian.
John Lewis reported its strongest ever Easter,
with sales in the week to 3rd April up 30 percent on last year.
Its online sales leapt 57.1 percent on last year, writes the
Guardian.
Homewares shopping portals MyDeco and
Bouf, and design boutique
BodieandFou.com are among the companies
mentioned in a Financial Times article about design
retailers catching up with ecommerce.
Jon �sgeir J�hannesson, the former chief executive of collapsed
retail group Baugur, is being sued by a failed
Icelandic bank Glitnir for £30 million. According to the
Telegraph, the bank alleges that a loan
secured against shares in the jewellery chain
Goldsmiths was partly used to channel money to
J�hannesson and another major shareholder, P�lmi
Haraldsson.
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