Retail entrepreneur and TV “Dragon” Theo Paphitis has
acquired hardware company Robert Dyas for an
undisclosed sum. Paphitis’s retail empire also includes
Ryman, the stationery retail chain, and
Boux Avenue lingerie. Paphitis joins the Robert
Dyas Board as chairman, while current chief executive, Graham
Coles, remains in his position along with other members of the
Robert Dyas Board. Chairman Geoff Brady and nonexecutive director
Ian Gray leave the Board. Kypros Kyprianou, group chief executive
of Ryman joins the board as director.
Sales at Thorntons bounced back in the last
quarter with total sales for the nine weeks to 30th June up 7.8
per cent, or £1.8 million, to £24.7 million. The growth
was mostly driven by commercial sales which increased by
£2.9 million to £9.3 million, due to the introduction
of this summer’s “Best of British” range and some
differences in the timing of deliveries to commercial customers.
Choice quote from a Financial Times profile of High
Street TV boss Andrew Malcher: “All 60 staff at
High Street TV’s office in Harrogate, North Yorkshire, are
expected to drink free smoothies every morning and melon juice in
the afternoon”. According to the piece, the formula is
working as the business has “gone from zero to £30
million [turnover] in three-and-a-half years and created 60
jobs”.
Following yesterday’s announcement that Kate Bostock is leaving Marks & Spencer in October, ASOS’ Nick Robertson won’t rule out that he’s hiring her in a senior role, writes the Independent.
Oracle has merged its Oracle ATG Commerce and
Oracle Endeca businesses to create a unified offering. Under the
name Oracle Commerce, the division has the aim of helping its
customers deliver personalised cross-channel customer
experiences. Oracle bought Endeca in October
2011 and ATG in November 2010.
Share