UK: BOO.COM REVEALS JOB CUTS

Article Abstract:

Boo.com is cutting 220 jobs, with 30 staff staying on to demonstrate the UK-based online fashion business to budding buyers. Liquidators, KPMG, is in talks with six potential buyers and a sale may be announced inside days.

Labor force information, Human resource management

---

UK: REVIVAL FOR BOO.COM

Article Abstract:

Boo.com has been acquired by US-based electronic commerce retailer, Fashionmall.com, which will revive the UK-based Internet retailer whose founders called in the receivers in May 2000. Fashionmall.com intends to test a new derivative of Boo.com in the UK and US during autumn 2000 after paying liquidators GB[pound] 200,000 earlier in 2000 for the rights to the brand name. Boo.com, which had debts of GB[pound] 178mn, is said by its new owners to have massive global awareness and is a unique website.

On-Line Information Services, Videotex & Teletext, boo.com Group Ltd., Fashionmall.com Inc.

---

UK: BOO.COM RETURNS AS A RETAIL E-PORTAL

Article Abstract:

Boo.com, the fashion e-tailer, is making a comeback following its crash earlier in the year as a retail portal. It will not sell or warehouse merchandise but will connect users to people who do. Boo was rescued by US fashion portal Fashionmall.com, which bought the brand and rights to use its logo and domain name for GB[pound] 0.25mn. Fashionmall is profitable with revenues generated from transaction and advertising fees. The purchase of boo will help it accelerate its European expansion.

Online information services

Similar abstracts:

• Abstracts: UK: SURGE IN COST OF MANUFACTURING RAW MATERIALS. UK: BP TARGETED IN PETROL PUMP BOYCOTT
• Abstracts: UK: INCREASED POPULARITY OF ONLINE SHARE DEALING. UK: GRIFFITHS & LAMB FORCED TO STOP TRADING
• Abstracts: UK: PAYCOM SET UP BY GOVERNMENT TO REGULATE BANKS. UK: UNIVERSAL BANK BACKED BY BARCLAYS. UK: UNDECLARED SURPLUS IN NATWEST PENSION FUND
• Abstracts: UK: STRIKE ACTION HITS FERRY OPERATORS. UK: CAMMELL LAIRD TO CUT JOBS

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.