Travis Perkins, the builders’ merchant owner of
Wickes, is to buy plumbing supplies distributor
BSS for approximately £557.6 million.
According to a joint statement, the deal will create “the
leading plumbing and heating trade and retail distribution
business in the UK”.
Did you know that online sales represent just 2 percent of
House of Fraser‘s total turnover? The Telegraph talks to Robin Terrell, the
company’s head of online and international operations, about why
that is, and what House of Fraser is doing to grow its
share.
According to a This is Money article, HMV
may be looking to sell its Waterstone’s
bookstores chain.
Lloyds Banking Group has sold the majority stake in its portfolio
of 40 private equity investments to a new joint venture called
Cavendish Square Partners for £332 million. The JV is
majority owned by Coller Capital. Although Lloyds has not
disclosed exactly which companies are affected. According to the
Financial Times the deal includes cinema
chain Vue Entertainment; shirtmaker TM
Lewin and David Lloyd leisure
centres.
Technology blog TechCrunch reports that luxury etailer
My-Wardrobe.com secured a $9 million (£5.9
million) Series A investment round led by Balderton
Capital.
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