MBS News
Monday
August 09, 2010
Industry headlines from Moira Benigson Executive Search
Retail
Retailers Buy Christmas Stock Cautiously
According to a PricewaterhouseCoopers report, retailers are planning to stock cautiously in the run up to the crucial Christmas trading period due to uncertainty over the economy and concern over house prices.
Read more on www.retail-week.com »
B&M Bargains Threats Spark Value Sector Fury
Variety chain B&M Bargains has threatened suppliers that it will stop dealing with them if they supply its rivals, sparking outcry in the fiercely competitive value sector.
Read more on www.retail-week.com »
CVC To Buy Autobar From Charterhouse For €1.2bn
CVC Capital Partners has agreed a deal to acquire Autobar, a vending machine operator from Charterhouse for €1.2bn.
Consumer Goods
China's Yashili Baby Formula Group Prepares For IPO
China's Yashili Group, an infant-formula manufacturer which is part-owned by Carlyle Group, is planning an IPO for later this year, as the sector tries to recover from food safety problems.
Read more on uk.news.yahoo.com »
Northern Foods Agrees To Sell Dalepak
Northern Foods has reached an agreement to sell its Dalepak Frozen Foods business to the Irish Food Processors Group for about £6.4m.
Read more on www.kamcity.com »
Digital And Online
Google Buys Slide Social Media For $182m
Google has acquired the social networking company Slide for $182m, in addition to the $46m it paid in employee retention bonuses.
Fashion, Lifestyle And Luxury
Jimmy Choo Owners Consider Sale
The owners of designer footwear label Jimmy Choo are reportedly considering putting the business up for sale, in a move expected to fetch up to £500m.
Read more on www.drapersonline.com »
Levi's Eyes Market Gain With New Women's Line
Levi Strauss & Co is to focus on women's shapes, rather than size, with its new range of Curve ID jeans.
Arts And Culture
Lehman Art Pieces To Go Under The Hammer
Corporate memorabilia and works of art that previously decorated the Lehman Brothers offices are to be auctioned by Christie’s in London next month and are expected to fetch about £2m.
Travel And Leisure
M&B Sells Off Hollywood Bowl
Mitchells & Butlers has sold its Hollywood Bowl chain to AMF Bowling for £39m.
Read more on www.theappointment.co.uk »
On The Move
iPhone Exec Departs Apple After "Antennagate"
Mark Papermaster, the Apple executive responsible for iPhone engineering, has left the company over the "Antennagate" scandal that involved complaints of poor reception on the iPhone 4.
Carphone Founder Joins Jensen Board
Carphone Warehouse founder, Charles Dunstone, has joined the board of Jensen International Automotive after investing in the company.
Read more on www.telegraph.co.uk »
The Weatherman Says...
Summer is still here and gorgeous. Mild and balmy, sunny and lazily warm.....especially with red wine hangover. My Aussie mate with a bigger beard than mine came over for a chin wag and dinner. This guy is a hardcore adventurer: next year, he is planning a trek to the south pole and wants to kite surf back out of there....I wouldn't fancy dropping the kite in the water on that trip!