French retail and luxury-goods conglomerate PPR
has reportedly suspended the sale of its Redcats
mail order business, writes Bloomberg. The reasons cited include the
weakening European economy and the knock-on effect that buyout
firms would be unable to borrow sufficient funds.
Alexon is pushing ahead with plans to sell the
company and has begun conducting a formal sale process. In a
statement, the company said it was in discussions with more than
one party. In addition to the option of buying the entire share
capital, Alexon has also invited proposals to acquire “one
or more of the group’s brands or provide alternative debt
financing from a number of trade and financial
parties”.
Fashion chain New Look has seen a 500 percent
year-on-year increase in m-commerce sales. Since launching the
mobile site in April, New Look has experienced a 60 percent rise
in orders, and a revenue growth of 45 percent. Multichannel
director Dom McBrien said the results had far exceeded New Look’s
initial KPIs. The m-commerce site was designed and built by
digital technology business Mobile Interactive Group (MIG).
Multichannel sales at Debenhams, including
online, in-store ordering and mobile, grew 71.9 percent in the 52
weeks to 27th August. Debenhams’ group gross transaction value
for the period was up 2.9 percent.
Where do you stand on this one? From the Daily Mail: Foreign workers at
Waterstone’s made to speak English claim
“human rights abuse”.
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