Shop Direct’s CEO will leave the online retailer next year, the company said Friday. The exec, who has run Britain’s second-biggest pureplay e-tailer since 2012, said it’s time for him to “move on to the next challenge.”
It may not come as a huge surprise but reclusive billionaires David and Frederick Barclay have put their plans to sell the giant Shop Direct e-tail business on hold as analysts said the £3 billion price tag was too high.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
Shop Direct, the privately owned British online department store retailer, that trades as Littlewoods, Very and isme, reported its first pretax profit for 10 years as the firm tapped into growing demand for shopping o...
Three of the country's biggest retailers, Next, John Lewis and Shop Direct, posted healthy Christmas sales but impending cuts in government spending and rises in taxation could crimp growth in 2010, sending share pric...
Shop Direct, the online and home shopping group that owns the Littlewoods and Woolworths brands, posted a 6.3 percent rise in sales for the six weeks to January 1, adding to signs of a healthy Christmas for retailers.
Littlewoods, one of the country's oldest retail brands, has launched a website for shoppers in France, Germany, Spain and Portugal, joining a growing trend of British online retailers expanding into continental Europe.