Peter Thornton, the former chairman and part of the
Thorntons founding family has warned that the
confectionery retailer could collapse into administration or be
bought out if it doesn’t change its strategy. The Independent quotes him as saying, “I do
fear that if Thorntons survives at all, it may well finish up as
another Cadburys–a tiny part of some huge,
foreign multinational with employees thrown out of work,
factories closed, shops closed and the usual and unseen damage to
the locality and the country. Alternatively, Thorntons may go
into administration to be picked up by some private-equity
company and further emasculated.”
Wilkinson has exited the race to buy
hardware-store chain Robert Dyas, reports the
Evening Standard. At least one bidder remains
in the running.
Tesco has bought digital music platform
WE7 to complement its current music offer
in-store and online. WE7 is a free-to-listen, personalised
internet radio service where customers can listen to their
favourite music and discover new tracks. The deal, for £10.8
million, follows the acquisition of online movies and TV
streaming platform Blinkbox last year and is the
latest step in Tesco’s strategy to offer customers new and
innovative ways of accessing digital entertainment.
Macmillan Cancer Support has partnered with
Charity Greetings to launch an online greetings
card shop. According to John Norton, head of sales at Macmillan
Cancer Support, the move allows Macmillan “to expand into
everyday greetings cards, giving our supporters the chance to
buy cards supporting Macmillan for their loved ones
year-round.” UK Fundraising has more on the story.
Laithwaite’s, Ten Green Bottles and
Yapp are among the wine retailers mentioned in
an Independent article on the best online wine
merchants.
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