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.

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.

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.

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.

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.

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.

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.

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.

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!