Feeds

Swedish King loses out on dotcom white-knuckle ride

Dressmart's assets to be sold off

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Dressmart.com has gone into administration with debts of £2m. The upmarket European clothes etailer is reported to be facing bankruptcy and its 60 staff the sack. A plan has been approved to sell much of Dressmart's business to fellow Swedish business New Wave. According to today's Times newspaper, New Wave could snap up the assets it is interested in - it wants its trading system but is not bothered about its Internet focus - for around £1m.
The King of Sweden and a former Swedish prime minister are both believed to have lost money from the venture.
(See also: Boxman cancels IPO, Dressmart ponders existence



Dixons chief exec John Clare made £1.1 million profit from sales of share options last year. He also got a total salary of £503,000, up 23 per cent on the previous year, according to the computer retailer's 1999-2000 annual report released yesterday.




Leeds Metropolitan University's School of Information Management is launching an MSc in E-Commerce. The course, which starts in September, aims to teach the uneducated masses on e-commerce strategy, electronic payment and transaction systems, e-marketing and the social dimensions of e-commerce.




Nokia has bought DiscoveryCom for $220 million in an all stock deal. DiscoveryCom is involved in the design, manufacture, and distribution of communications products that enable service providers to install and maintain broadband DSL services. Nokia says that acquisition will bolster its position in the broadband market.




Shares in Freenet.de recovered slightly yesterday after the German free ISP's results exceeded analysts' expectations for the second quarter running. Over the last six months the company has seen its shares lose 75 per cent of their value. In the first half of 2000 it said it had signed up 450,000 new users to its service.




Internet information group Clipserver.com has reported a six-month pre-tax profit of £38,000, up from a loss of £112,000 the previous half-year. Turnover was also up 15 per cent. The group shifted from Ofex to AIM in May, pocketing £5.25 million in the process.




For more Net financials, check out

Cash Register

. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.