MBS News
Monday
August 16, 2010
Industry headlines from Moira Benigson Executive Search
Retail
Tesco Data Firm To Pay £17.5m Dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.
Read more on www.retail-week.com »
Advent To Sell Or Float Retailer Takko
US private equity firm, Advent International, is considering either the sale or flotation of Takko Fashion, one of Germany’s fastest-growing discount clothing chains. It reportedly has a value of €1.25bn.
Consumer Goods
Child Car Seat Maker Britax Childcare Set To Be Sold By Carlyle Group
Surrey-based child car seat maker Britax has reportedly been put up for sale by its US private equity owner Carlyle Group.
Read more on www.telegraph.co.uk »
Carlsberg Launches Tuborg Strong In India
Carlsberg has launched its Tuborg Strong brand in India as it seeks to expand in the country's fledgling beer market.
Read more on www.just-drinks.com »
Digital And Online
PayPal Expands Application Armoury
PayPal is launching several new products, including smartphone applications and tie-ups with Facebook and Google, as it aims to meet income targets set by its owner, eBay.
Fashion, Lifestyle And Luxury
Badge Of Honour
Lifestyle label Wolf & Badger has set up a temporary shop in Selfridges' Wonder Room. The store will give young designers the chance to rent a space in its store, and they will receive 90% on the merchandise sold.
Read more on www.vogue.co.uk »
House Of Fraser Launches Overseas Delivery
Department store House of Fraser has launched its overseas delivery service as part of plans to achieve a 150% increase in online sales by the end of the year. The department store now delivers to more than 20 countries across Europe, the US, South Africa, Australia and New Zealand.
Read more on www.retail-week.com »
Travel And Leisure
Brazilian Airline TAM Plans To Merge With Chile's LAN
Two major South American carriers are planning a merger that will create the biggest airline in the region.
First Cadbury Cocoa House Planned
Cadbury will launch its first branded café this Autumn, ahead of nationwide plans for up to 50 sites.
Read more on www.bighospitality.co.uk »
On The Move
Marks & Spencer's Former Indian Boss Joins Competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.
Read more on www.retail-week.com »
Bacardi Names Cadbury's Bomhard EMEA President
Bacardi has appointed former Cadbury commercial chief Stefan Bomhard as regional president for EMEA. He will be in charge of commercial operations for Bacardi’s premium spirits in the region.
Read more on www.marketingweek.co.uk »
eBay Fashion Brings In Koodos Founder Miriam Lahage
The founder of online fashion site Koodos, Miriam Lahage, has been appointed general manager of eBay Fashion. She has been working in an advisory role for Net-a-Porter’s off-price site The Outnet.
Read more on www.drapersonline.com »
Brown To Leave Spotify For Startup
Spotify’s senior VP Paul Brown is leaving the company at the end of the Summer to join a startup outside the music industry.
Zynga Hires Former MySpace CEO Van Natta
Owen Van Natta, former MySpace CEO, has permanently joined social gaming company, Zynga, where he has been consulting since February.
The Weatherman Says...
There is a campaign mounting to stop the British clocks being moved backwards by an hour in Winter. Personally, I'm all for it. Let's face it...getting up in the dark, having lunch in the dark and coming home in the dark is not one of the UK's most endearing features. Speaking of darkness...the weather has definitely become a little Autumnal of late. Quite a lot more rain, wind and cloud. Maybe we could just change the clocks guerrilla style...just don't do it. Turn up an hour late to all meetings and eventually they will join you. Tipping point and all that jazz.