News / UK and world by Press Association February 18, 2019, 9:00 am Send us a story Sign up to our Daily newsletter JD Sports has picked up a significant stake in its high street rival Footasylum, causing shares in the troubled firm to rocket. In a stock market announcement, JD Sports said it has snapped up an 8.3% holding in Footasylum for “investment purposes”. The company is prepared to acquire up to 29.9% in Footasylum, just below the mandatory takeover threshold, but insisted it is not intending to make an offer for the group. A spokesman for JD Sports said: “This share purchase is a strategic investment for the group, which has confirmed today that it is not intending to make an offer for Footasylum. “By publicly disclosing this, and as set out in today’s regulatory announcement, the City Code on Takeovers and Mergers precludes JD Sports from making any such offer unless specific circumstances change.” Shares in … [Read more...] about JD Sports takes bite out of rival Footasylum
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HOUSE of Fraser shoppers have hit out at new boss Mike Ashley for turning the luxury stores into another Sports Direct. The sportswear boss recently bought out the troubled chain for £90million, promising to turn it into “the Harrods of the High Street”. However, shoppers have poured scorn on the stores’ transformation which has seen luxury brands pushed out in favour of tracksuits and discount goods. The revamp has also left the shelves largely empty, with one Twitter user claiming his local House of Fraser had morphed into a Sports Direct outlet overnight. The new look comes just weeks after Mr Ashley hinted that he had plans to turn some of the high end stores into Sports Direct outlets, with others being rebranded under his Flannels chain name. Shoppers however weren’t impressed with what Mike Ashley has already done to the iconic House of Fraser stores, with many taking to Twitter to express their anger. Basheer Woods tweeted: “As was the case … [Read more...] about Shoppers complain House of Fraser ‘looks like Sports Direct’ after Mike Ashley takeover
Elizabeth Bruenig, The Washington Post Published 9:17 am PDT, Monday, September 24, 2018 Amber Wyatt got married in March and is completing an undergraduate psychology program at Texas State University. Amber Wyatt got married in March and is completing an undergraduate psychology program at Texas State University. Photo: Photo For The Washington Post By Amanda Voisard Amber Wyatt is back in school and married to Stephen Wilson, whom she encountered during her recovery. The couple is seen with their dog, Stitch, in San Marcos, Texas. Amber Wyatt is back in school and married to Stephen Wilson, whom she encountered during her recovery. The couple is seen with their dog, Stitch, in San Marcos, Texas. Photo: Washington Post Photo By Amanda Voisard A ladder leads to the loft of the shed where Amber Wyatt reported she was raped, in a 2006 evidence … [Read more...] about Teen reported 2006 rape. Then nothing happened. In #MeToo era, what do we owe her?
Deanna Paul, The Washington Post Published 6:21 pm PDT, Monday, July 30, 2018 When a San Diego-based mother posted an emergency alert on Nextdoor, a community discussion app, she hoped a Good Samaritan could help, according to court filings. Her son was hysterical after losing a flash drive with his homework near the local McDonald's, she wrote, uploading a photo along with the message. A neighbor quickly replied, explaining that the chewing-gum-sized object in the picture was not a flash drive: It was a Juul vaping device. "That's just an indication of how quickly Juuls became prevalent," recounted Esfand Nafisi, a lawyer who is handling two of three lawsuits initiated against Juul Labs last month. "You blinked your eye, and suddenly they were all over the place." This has become a new kind of reality for those with children who Juul, the verb used by fans of Juul Labs' trendy USB-flash-drive-sized e-cigarette. The San Francisco-based company, which launched in June … [Read more...] about E-cigarette maker Juul targeted teens with false claims of safety, lawsuit says
Vietnam targets US$200 bn garment, textile exports by 2035 With import tax cuts presented by free trade agreements (FTAs) to which, Vietnam is a member, increasing automation in production and quite favourable factors in the world market, the country’s garment and textile exports are forecast to hit US$200 billion by 2035. Vu Duc Giang, president of Vietnam Textile and Apparel Association (VITAS), says the US remains Vietnam’s largest garment importer, trailed by the EU and member countries of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). Giang optimistically told the Japanese and Vietnamese media that the garment sector is likely to earn US$34.5 billion from exports this year. It is expected that after the CPTPP comes into effect in August 2018 and export taxes drop to zero, the country’s garment exports will surge by 3% compared to the estimated figure because Canada, Australia, Mexico, and New Zealand, major importers, currently import about … [Read more...] about BUSINESS IN BRIEF 16/6