Mark Newton-Jones will step down as chief executive officer of
Shop Direct Group in 2013, after eight years at
the company. The 44-year-old chief exec said he would stay with
the business, which operates Very, Isme and
Woolworths, for the next 18 months to ensure a
smooth handover and steer the business in “what looks set
to be a challenging year for all retailers”. The process to
look for a new chief executive is underway.
The Independent reports that private equity firm
Cinven has walked away from a takeover of maternity and nursery
products retailer Mothercare.
The Jacobson Group, which owns the Gola, Ravel
and Lonsdale brands, has bought
Dolcis out of administration. The new owners
plan to develop the former Barratts Priceless
brand into an online retailer with some concessions, reports the
Manchester Evening News.
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