The Hut Group’s new websites
gifted.com, mybag.co.uk and
washbag.com are a “bold departure”
for the business, “which has grown into Britain’s
third-largest online DVD and CD retailer in the six years”,
reports the Guardian. Much of the business’s success,
claims the article is down to it exploiting a loophole that
means goods costing less than £18 imported from outside the
EU are exempt from VAT.
The Financial Times has a feature on
Achica, a new secret-sales website set up by
ASOS founder Quentin Griffiths.
According to reports, retailer Next is looking
to sell its call centre arm to Spanish telecoms group
Telefonica. The Sunday Times estimates a deal of
approximately £50 million.
Blue Gem Capital has finalised its acquisition
of Liberty valuing the luxury retailer at
£32 million. According to Drapers, Liberty chief executive Geoffroy de
La Bourdonnaye has stepped down from the board, but will remain a
nonexecutive director.
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