John Lewis is inviting its staff and customers
to invest in the business through the creation of retail bonds.
The department-store chain is looking to raise £50 million
through sales of the bonds which promise a fixed annual return of
4.5 percent in cash with a further 2 percent paid in John Lewis
gift vouchers.
Apparel retailer White Stuff is looking for a
new chairman, reports the Telegraph. According to the article, the
company is looking for a new boss to help it expand the business
overseas-“and the Nordic market seems to be brimming with
potential”.
Privalia, the Barcelona-based private-sales
club, is to buy Dress For Less, a German online
retailer of discount apparel. The acquisition, funded through a
combination of €88 million (£76 million) of new
equity, debt facilities and shares, sees Privalia extend its
reach and marks its entry to the German market.
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