Theo Karpathios, the cofounder of Superdry-owner
Supergroup, has decided to leave the business.
Currently serving as chief executive officer, wholesale and
international at the fashion retailer, Karpathios also owns a
14.8 per cent stake in the business. In a statement, he signalled
he is retaining his interests in the business.
According to the Independent, boot brand Dr
Martens has shelved plans to sell the business after the
bids it received from private-equity firms failed to match its
valuation of £200 million.
In a move that’s a “direct departure” from its
current business model, HMV is set to open a “social
media” cafe featuring Wi-Fi and mobile phone recharging
points. Customers will be able to browse the internet while
enjoying a coffee, while there are also plans for an area in the
store to host live music and local exhibitions writes the
Telegraph.
In direct competition with its rival’s Kiddicare
business, supermarket Asda has launched a
one-stop shop for baby and nursery products. The Baby Zone stocks
maternitywear and hospital bag essentials to nursery furniture,
travel equipment, baby clothes, toys, nappies and more.
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