Virtualstock, a London-based tech startup whose cloud-based inventory solutions are used by retailers including John Lewis and Wonderbra, has completed a fundraising round that valued the business at nearly £70m.
UK supermarkets giant Sainsbury’s is gearing up for a future in which digital will become even more important than at present as sales for lines like Tu, Asda's George and the Argos offer increasingly move online.
Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
Sainsbury’s has been mulling a takeover bid for embattled Mothercare, and while analysts think a deal unlikely, they see it as a prime target given its plunging share price and well-publicised cash flow problems..