MBS News
Thursday
July 29, 2010
Industry headlines from Moira Benigson Executive Search
Retail
Aldi Co-Founder Theo Albrecht Dies
The co-founder of German hard discounter Aldi has died at the age of 88. Theo Albrecht owned the Aldi Nord division of the business, created following a division of the assets of the business with his brother Karl in the 1960s.
Read more on www.retail-week.com »
Arnotts Could Be Sold For €1
The future of Arnotts remains unclear after it emerged that the iconic Irish department store could be sold for as little as €1 as part of plans to restructure its debts.
Read more on www.drapersonline.com »
Consumer Goods
Danone Sells Stake In Chinese Juice Maker
Danone has sold its 23% stake in Chinese juice maker, Huiyuan Juice, for €200m to a Hong Kong private equity group.
P&G In 10-Year Deal With Olympics
Procter & Gamble has signed up as an official partner of the International Olympic Committee, whereby it will sponsor the next three Summer games and two Winter olympics.
John West Sold For £566m In Thai Takeaway
Tinned fish brand John West has been sold by its private equity owners for £566m to Thai Union Frozen Products.
Read more on www.telegraph.co.uk »
Digital And Online
LinkedIn 'Worth Over $2bn' As Hedge Fund Tiger Takes Stake
Professional networking site LinkedIn is reported to have received investment from hedge fund Tiger Global Management that values the site at over $2bn.
Read more on www.independent.co.uk »
Amazon Launches New Kindle e-Reader And UK e-Book Store
Amazon has launched two lighter, more advanced versions of its Kindle device and opened a UK e-book store to boost sales of the device in this country.
Read more on www.guardian.co.uk »
Fashion, Lifestyle And Luxury
Levi's, Brooks Brothers Collaborate
A collaborative denim collection from Levi’s and Brooks Brothers will be launched today at all Brooks Bros. stores and the retailer’s e-commerce site.
Cerruti Reopens Paris Flagship
Cerruti has reopened its Paris flagship, this time as a concept store hosting fellow luxury brands such as Philip Treacy, Causse and Frédéric Malle.
Pretty Green Opens Pop-Up Shop
Young fashion brand Pretty Green will open its first standalone store tomorrow - a pop-up shop on Carnaby Street. It will sell a range of exclusive one-off pieces as well as the Pretty Green Black Label and Green Label Spring 10 collections.
Read more on www.drapersonline.com »
Travel And Leisure
Center Parcs To Open More Luxury Accommodation
Center Parcs is increasing the amount of luxury accommodation on offer at its Nottinghamshire and Wiltshire sites, by opening three tree houses and five exclusive lodges next year.
Read more on www.caterersearch.com »
On The Move
Ex-Imperial Chief Davis Joins Bookies William Hill
Former Imperial Tobacco chief executive Gareth Davis been named the new chairman of bookmaker William Hill.
Read more on www.thegrocer.co.uk »
The Weatherman Says...
Last day on the great islands of Croatia. Hoist the mainsail, tacking leeward on SE line of 108' or whatever they say. In reality, we are on Captain Pugwash's 20ft diesel fishing trawler, inhaling fumes and heading for the mainland at 4 knots. This trip has been amazing and Croatia is staggeringly beautiful. I have never seen water so clear and so still. I'm used to the frigid, icy power of the Cape Atlantic. I could get used to this!