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Boohoo Eyes Nasty Gal For $20M

PYMNTS

The appeal, according to Chain Store Age , is not only the brand but the customer databases, for which Boohoo is bidding $20 million. Manchester, England–based Boohoo targets the teen and young female customer, which is generally similar to those customers who appreciate Nasty Gal’s products. The Chapter 11 application is pending U.S.

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UK Government Report Calls On eCommerce Players To Pay More Taxes

PYMNTS

government agency called out Amazon , Asos and Boohoo Group , arguing they should pay more taxes since traditional retailers are losing business to them. Business rates must be made fair,” said Clive Betts, a member of the House of Commons and chairman of the committee, in the report, according to Bloomberg.

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Fixing Fast Fashion’s Uncertain Fortunes 

PYMNTS

Open for business for the last 35 years, at the time it declared bankruptcy, Forever 21 operated 815 stores in 57 countries worldwide — and was buffeted by the retail headwinds that have been scouring the entire segment. We enter the second half of the year well-placed and confident that our platform …?will

Retail 134
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Departure of Horta-Osório no bad thing for Lloyds at this time

TheGuardian

Outgoing CEO did better than share price suggests but fallout from Covid-19 will be painful By the time he leaves Lloyds Banking Group next year , António Horta-Osório will have been paid roughly £60m for his decade in charge, which is rather better than shareholders have done.

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Rishi Sunak cannot just hope other big firms will follow Primark's example | Nils Pratley

TheGuardian

Declining job retention bonus was honourable and underlined £9.4bn scheme’s shockingly poor design Rishi Sunak, the chancellor, readily conceded last week that there would be a “dead weight” cost to his policy of offering firms a £1,000 bonus for every employee recalled from furlough and kept in employment until the end of next January.

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11 Lessons From Startup Chapter 11s

CB Insights

Solyndra: A fragile business model leaves you vulnerable to competition. By September 2011, Solyndra’s business model had fallen apart. But Solyndra compounded these negative conditions with an additional one that proved fatal: a business model fragile to changes in the price of polysilicon. Table of Contents. Dart Music.

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