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MySale Group announces Danish acquisition

Posted:
15 September 2014 10:04

Flash sale site MySale has announced that it has acquired 60% of Invitetobuy.dk in Demark, creating a partnership that will spearhead its European expansion. Terms of the transaction were not disclosed.Invitetobuy operates Denmark's leading online shopping club, providing over 150,000 members with exclusive access to well-known Danish and international brands ...read more

Fears for jobs as Phones 4U prepares to fall into administration

Posted:
15 September 2014 10:00

Phone retailer Phones 4U is to be put into administration today, following a decision by the EE and Vodafone mobile networks not to renew their contracts with the chain.The move will put 5,596 jobs at risk across the company, which owns 550 stores."If mobile network operators decline to supply us, ...read more

Air France pilots begin strike

Posted:
15 September 2014 09:55

Pilots at Air France have begun a week-long strike over a decision to transfer jobs to budget airline Transavia in order to save costs.The strike is expected to cost the airline up to Eu15 million a day.The airline said that it would not agree to union demands that the contracts ...read more

Heineken rejects SABMiller takeover offer

Posted:
15 September 2014 09:55

Dutch brewery Heineken has rejected a takeover offer from its larger rival SABMiller, with the founding family vowing to keep it “an independent company".The Heineken family owns just over 50% of the brewer via the company Heineken Holding. SABMiller is the second-largest beer maker in the world, selling about 21 ...read more

Travis Perkins appoints Sainsbury’s CFO to board

Posted:
12 September 2014 09:44

Wickes and Tile Giant owner Travis Perkins has appointed the CEO of Sainsbury’s, John Rogers, as a non-executive director. During his career at Sainsbury's Mr Rogers has held the posts of property director, director of group finance and director of corporate finance. Prior to joining Sainsbury's, he held a variety ...read more

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