Argos owner to sell Dutch home shopping business

GUS increased the focus of its retail arm on Argos and Homebase today by agreeing to sell a business it has owned for more than 40 years.

Argos owner to sell Dutch home shopping business
Fri, 28 Oct, 2005 - 09:52

GUS increased the focus of its retail arm on Argos and Homebase today by agreeing to sell a business it has owned for more than 40 years.

The disposal of Dutch home shopping operation Wehkamp for £265m (€389m) follows the end of its ownership of South African retailer Lewis and comes ahead of the company’s planned sale of its 66% stake in fashion chain Burberry.

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CourtsBusinessHeathrowPlace: UKPlace: IrelandPlace: HOLLANDPlace: LondonPlace: StockholmPlace: HamburgPlace: OsloPlace: EuropePerson: John PeacePerson: PeaceOrganisation: ArgosOrganisation: GUSOrganisation: HomebaseOrganisation: BurberryOrganisation: Argos Retail GroupOrganisation: Industri KapitalOrganisation: WehkampOrganisation: European Union
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

Home care firms want HSE to end home support allocation model

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