22 Dec 2000
LONDON (Brand Republic) - Online games retailer Gameplay reported strong year-on-year sales growth yesterday, prompting its share price to leap by 11.5% this morning.
The company said revenues for the half year ended January 31 were expected to exceed 40m in spite of current technology market trends ...
22 Dec 2000
| by Louise Banbury
LONDON (Brand Republic) - Supermarket chain Sainsbury s has sold its Homebase DIY business in a deal worth 969m. The company s existing Homebase stores will go to venture capitalist Schroder Ventures for 750m, and the remaining sites, which were built for Homebase stores but are currently ...
21 Dec 2000
LONDON (Brand Republic) - Sir Richard Branson is to delay his decision on legal action against the National Lottery Commission, after losing his fight to run the National Lottery.
Sir Richard yesterday left the UK for the Caribbean island of Necker to spend Christmas with his family, and will delay his ...
20 Dec 2000
LONDON (Brand Republic) – The Body Shop has severed its contract with its internet partner, troubled Japanese internet investor Softbank, in a move which will bring the retailer’s website in-house.
The ethical cosmetics and toiletries retailer will pay 6m for Softbank’s 24% stake in the joint venture ...
20 Dec 2000
LONDON (Brand Republic) – Beenz.com, the internet currency trader, has become the latest online business to announce a restructuring, including job cuts and the closure of overseas offices, as a result of a downturn in online spending by its customers.
The company, which is also said to be seeking a ...
20 Dec 2000
| by Claire Billings
LONDON (Brand Republic) – Camelot, the incumbent organiser of the National Lottery, has scooped the contract to run the UK Lottery for the next seven years following a 4-1 vote by the Lottery Commission, citing a greater risk involved in appointing a new operator.
The Commission said it believed Camelot ...
19 Dec 2000
LONDON (Brand Republic) - Online retailer eToys.com is understood to be looking for a buyer after warning that its Christmas sales will be well below expectations.
The company, which is based in Santa Monica, California, expects its third-quarter sales to be between 120m and 130m, after forecasting ...
18 Dec 2000
LONDON (Brand Republic) - British Airways has left out its major European rivals from a shortlist of potential buyers for Go, its budget airline.
According to newspaper reports, BA drew up the shortlist from ...
and Lufthansa, which could have competed on some short-haul routes from London to continental Europe ...
18 Dec 2000
LONDON (Brand Republic) – Retailer Marks & Spencer is to open a new line of convenience stores in May next year, in an attempt to compete with Sainsbury’s Local and Tesco Metro.
The retailer will open two trial stores in Twickenham and Surbiton and, if these are successful, will open a further 40 ...
18 Dec 2000
LONDON (Brand Republic) - EasyGroup is investing 20m to roll out its chain of EasyEverything internet cafes across the US in the new year.
The group opened its first US cafe in New York last month, with plans to expand in the States after six months to a year.
However, EasyGroup’s chief executive ...