MBS News
Wednesday
September 01, 2010
Industry headlines from Moira Benigson Executive Search
Retail
JD Sports Acquires DR Shoes
Footwear design and supply company DR Shoes has been bought out of administration by sportswear retailer JD Sports Fashion.
Read more on www.drapersonline.com »
Retailers To Submit Bids For Carrefour Asia
European and Southeast Asian retailers are this week expected to table initial bids for Carrefour's Asian assets, which are reportedly valued at $1bn.
Alliance Boots To Outsource Part Of Pension Plan
Health and beauty giant Alliance Boots is to offload about £300m of retirement fund liabilities to specialist buyout vehicle Pension Corporation.
Read more on www.retail-week.com »
Consumer Goods
Heinz Tomato Soup: 100 Years Old
Heinz tomato soup is celebrating 100 years of being on British shop shelves today. It has been sold in virtually unchanged packaging during this time.
Read more on www.telegraph.co.uk »
Pernod Ricard Completes Ambrosio Velasco Sale
Pernod Ricard has sold its Spanish wine and liqueurs business Ambrosio Velasco to Diego Zamora for €32.4m in cash.
Read more on www.just-drinks.com »
Digital And Online
Accel Buys Stake In e-Commerce Site
Venture capital fund, Accel Partners, has taken a minority stake worth €37m in Showroomprive.com, a members-only fashion site that sells designer brands at discount prices.
Fashion, Lifestyle And Luxury
H&M Rumoured To Be Collaborating With French Luxury Designer Lanvin
H&M is rumoured to be launching its latest designer collaboration with luxury French fashion house Lanvin.
Read more on www.retail-week.com »
New Brands Join Esthetica Line Up
Esthetica, the ethical exhibition space of London Fashion Week, has signed a raft of new fashion and accessories exhibitors ahead of this month’s event, including recycled accessories brand Lost Property of London and Swedish sustainable womenswear brand Righteous Fashion.
Read more on www.drapersonline.com »
Travel And Leisure
Burger King Considering Sale
Burger King has reportedly been considering a sale and has entered into discussions with potential private equity buyers.
Japan Airlines Slashes Workforce
Japan Airlines has announced plans to cut 16,000 jobs and close unprofitable routes, as part of its restructuring plan, following filing for bankruptcy protection in January.
On The Move
Baugur Tycoon's Father Johannes Jónsson Ousted From His Retail Chain
The father of Jon Asgeir Johannesson, the Icelandic retail tycoon of the Baugur group, has been voted out of the board of Bonus, the Icelandic supermarket chain that he co-founded.
Read more on www.telegraph.co.uk »
Alex Pike Becomes Global Marketing Chief At Simple
Alberto Culver's skincare brand, Simple, has promoted its group marketing director Alex Pike to the newly created role of global vice president of marketing. She will report to vice president of Europe, Tom Monaghan.
Read more on www.marketingmagazine.co.uk »
Kelkoo Hires Simpson As It Launches Brand Review
Price comparison website Kelkoo has named Chris Simpson as its first European marketing director, with responsibility to develop the company's integrated marketing strategy.
Read more on www.marketingmagazine.co.uk »
Hachette UK Appoints First Digital Director To Drive Sales Of e-Books
Matthew Cashmore, formerly innovation and ecosystem manager at Lonely Planet, has been appointed by Hachette UK as its first digital director to drive e-book sales and exploit online opportunities.
The Weatherman Says...
Weather: pretty darn good, if you ask me! The sun is shining brightly, the sky is clear and, although the mornings are cool, it is lovely in the sunshine. You can still catch a tan if you try.