Retail gazette logo Wednesday, 7 December 2016
Today: 10016 articles, 72 jobs
Co-op sells its travel arm in £82 million deal
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The Co-op has announced it will end its long-standing partnership with travel retailer Thomas Cook in an £82 million deal. Already three years into a turnaround plan, The Co-operative Group’s 30 per cent stake is to be bought for £50 million next November, along with £32 million in dividends. The Central England Co-operative will also receive £5.8 million for its 3.5 per cent stake in Thomas Cook. This is expected to be invested directly into the group’s turnaround strategy, revamping grocery stores an... read more...
W1siziisijiwmtyvmtivmdcvmdgvmdavntuvmtiyl2xlz28uanbnil0swyjwiiwidgh1bwiilcixotb4mtmwiyjdxq Lego appoints new British CEO in radical shakeup
Lego has appointed a new British chief executive Bali Padda, who will replace long standing boss Jorgen Vig Knudstrop. In a radical shakeup of its board of directors Knudstrop, who is largely credited for turning ...
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W1siziisijiwmtyvmtivmdcvmdcvmzyvmtkvoteyl0rlbgl2zxj5lmpwzyjdlfsiccisinrodw1iiiwimtkwedezmcmixv0 Delivery chaos expected over the Christmas period
390 million parcels will be delivered over the Christmas period this year, with the number of delivery problems expected to match last year’s 32 per cent growth. Citizens Advice has reported that online shoppers w...
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