Tesco to start selling cars online
Gerald Ratner back in the 'quality' jewellery business
Tesco will start selling cars online from early next year. It is in talks with several car manufacturers and hopes to match the success it has had with its online electrical department. Sainsbury's already sells cars through its Sainsbury's Bank.
Gerald Ratner is going to flog jewellery online. You might recall he had to leave the Ratner family jewellery business a few years back because he described some of its wares as crap. With his new business he's not going to punt out diamond rings, but he'll offer basic chains and watches.
Online car insurer ironsure.com is closing down. Its new parent, QBE Insurance group, is getting out of the private car insurance business and is withdrawing motor policies from both its on and off-line businesses.
Policy holders have got about five weeks to sort out their insurance with another company.
QBE bought ironsure.com earlier this year. ®
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