Sanpower, the giant Chinese conglomerate that’s selling a large chunk of its House of Fraser stake, has revealed a new industry strategy and named luxury specialist Guy Salter Chairman of its New Retail business.
The new owner of Belstaff has been named Britain’s richest man in the latest Sunday Times Rich List. Self-made businessman Jim Ratcliffe is chairman/CEO of chemicals company Ineos, which acquired Belstaff last autumn.
Following a month of news about UK retail failures, finally some good news. It seems that Jigsaw has dealt with its cash flow problems by signing a £20m deal involving one of the founders of Carphone Warehouse.