UK: MOSS PHARMACY TO ACQUIRE SCHOLL STORES

Article Abstract:

Moss Pharmacy, part of the European group Alliance Unichem, is to pay GB[pound] 3mn for the 57 Scholl stores of SSL International in the UK and Ireland. SSL, a healthcare products concern, is moving out of the retail business.

Other Footwear Manufacturing, Nonrubber Footwear, Footwear, Except Rubber, Footwear industry, Footwear, Moss Pharmacy

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UK: AMSERVE HOLDING ACQUIRED BY DIXON'S

Article Abstract:

A 20% stake in Amserve, the Amstrad subsidiary responsible for production of the e-m@iler, has been acquired by UK consumer electronics retailer Dixon's. The move is seen as a vote of confidence in the e-mail telephone venture, which has so far been poorly received. Dixon's is to pay GB[pound] 3mn in cash, and GB[pound] 12mn in promoting the product in its 1,000 stores. Shares in Amstrad fell by almost 20% on the unveiling of the product in March 2000. It retails at GB[pound] 79.99, although it costs more to produce, and allows consumers to send emails through fixed line phones. Under a deal with British Telecom, users pay GB[pound] 0.13 to send or receive messages. News of the move by Dixon's caused Amstrad's shares to rise by GB[pound] 0.345 to GB[pound] 2.59.

Communications Equipment, Communications Equipment Manufacturing, Telecommunications industry, Telecommunications equipment industry, Telecommunications equipment, Communications industry, Dixons Group PLC

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UK: HMV HALTS TALKS OVER WATERSTONE'S

Article Abstract:

HMV Media revealed on 19 June 2000 that discussions with financial and trade buyers involving the sale of its Waterstone's unit had ended and that the former now planned to develop the UK-based book retailer instead to enable it to maximise its potential. HMV Media paid GB[pound] 300mn for Waterstone's in 1998 and the business has been suffering due to intense competition from new entrants and Internet booksellers.

New capacity, new plant construction, HMV Ltd., Waterstone's Booksellers Ltd.

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