Sunday Papers Roundup
A computer worker from Virginia keeps being mistaken by Twitter users across the world for the John Lewis department store. Twitter users in Britain, and further afield, have been confusing the academic from Blacksburg, a college town in the state of Virginia, with John Lewis, the department store that employs 38,000 people and last year had an operating income of £226 million. The result has been a flood of questions to Dr Lewis’s Twitter account.
Two retailers are on Thursday expected to confirm their “merger of equals” in a deal will change the face of British electronics retailing. Carphone Warehouse is poised to announce its £3.6bn tie-up with Dixons Retail in a deal that will change the face of British electronics retailing. The two retailers are on Thursday expected to confirm their “merger of equals”.
Radley is in discussions with “multiple partners” about taking its famous Scottish Terrier logo across Asia and the Middle East. Radley, the British handbag brand, is planning to take its logo across Asia after getting sales and profits back on track in the UK. The company, owned by private equity houses Exponent and Phoenix, is in discussions with “multiple partners” about opening franchise stores across the Middle East and Asia, including China.
In 1964, Habitat revolutionised our homes with its affordable, desirable designs. As it celebrates its 50th birthday, we look back at the revolution. There are only a handful of shops that can claim to have changed the face of Britain. But Habitat, which celebrates its 50th birthday today, is most certainly one of them. Now that it is a shadow of its former self – with just three proper shops in Britain – it is hard to remember how it introduced a raft of exotic, Continental products into our homes.
Cycling retailer Wiggle is working with advisers at boutique investment bank Rothschild on a potential flotation. Wiggle, the privately owned online cycling retailer, is working with advisers at boutique investment bank Rothschild on a potential flotation. The company, owned by private equity group Bridgepoint, is understood to be looking at options for the business. Bridgepoint already has one London listing under way, with the forthcoming flotation of casual wear retailer Fat Face.
Vince Cable will open the UK’s largest purpose-built winery this week, creating up to 230 jobs in rural Sussex, Vince Cable, the Business Secretary, will on Friday open the UK’s largest purpose-built winery, creating up to 230 jobs in rural Sussex. The Cabinet minister is to formally open Rathfinny Estate, on the South Downs, cementing a five-year journey for the hedge fund manager turned oenophile behind the project.
Billionaire Sir Philip Green is heading back to the stock market for the first time in 26 years after a deal to buy a stake in Mysale, a fast-growing online store. Green will take a 25% stake in Mysale, which is Australasia and Asia’s biggest provider of online “flash” sales of clothes. Last week it announced it was moving its headquarters to Britain and launching operations here and in America.
The owner of Harvester restaurants is expected to lead a pack of bar operators and property investors vying to buy Orchid, a pub group. Mitchells & Butlers is thought to be most interested in buying the company’s food outlets, but faces competition from rivals such as Greene King and Spirit. Starwood Capital and Colony Capital, the American property investment firms, are also expected to submit bids.
Hip-Hop star Dr Dre could walk away with $400m after the sale of Beats Electronics to . The $3.2bn (£1.9bn) takeover of the headphone maker is set to be unveiled this week and will trigger big windfalls for Dre and the veteran record producer Jimmy Iovine. They founded the Los Angeles-based Beats in 2008 and are thought to own about 25%
After enraging Miss Mellon, Robert Bensoussan wants to turn around . Shoreditch beckons for LK Bennett. The mid-market womenswear retailer is planning to move its headquarters from a Georgian townhouse on Cavendish Square, north of London’s Oxford Street, to a building in the more youthful East End. For chief executive Robert Bensoussan the change can’t come soon enough. “In my experience, moving brings positivity. It’s like a haircut for a woman,” he said.
How low can the big four supermarkets go with their price war. Wm Morrison’s warehouse at Gadbrook Park, Cheshire, is not a happy place. In January, after a 5.6% dive in Christmas trading that led the supermarket to issue a profit warning, one worker felt compelled to write to The Sunday Times with his thoughts.
Mail on Sunday
Heineken's top man in Britain is clear about Ed Miliband’s plan to impose a minimum price for alcohol if he won the Election, revealed by The Mail on Sunday last week. ‘It’s not the role of the Government to set prices. It would significantly impact the poorest in society without tackling alcohol abuse and it’s a blunt instrument which just doesn’t work,’ says David Forde.
A furnishings website backed by former Tesco chief Sir Terry Leahy is drawing up a plan for international growth that will take its British designs to major new markets. Occa-Home, where Leahy is a board member and shareholder, already makes about a fifth of its £3 million sales abroad.
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