Kleeneze Media coverage
& News articles
Kleeneze PLC has
changed its name to European
Home Retail Plc - report provided by
Hoovers.com (a Dun & Bradstreet company)
articles display their original source. Older articles are
removed to maintain freshness and
The Independent, 18 January 2005|
Kleeneze, the once sleepy catalogue business, rose 24.5p to a fresh high of 191p as brokers the stock to be a major winner in 2005. In the short-term, the prospects for the group's internet based IWantOneofThose.com (IWOOT.com) gadget reseller and its TV shopping channel joint venture, to be launched in March, seem to be causing much of the excitement. IWOOT.com is believed to be the number one player in the market for gadgets, and already profitable, while its TV shopping business is also tipped to be seriously cash generative once up and running.
The Independent, 15 December 2004|
It used to be best known for employing an army of doorstep salesmen and women selling mops and brushes and dusters, but now Kleeneze is embracing the technological age using television and the internet to flog its wares.
(AFX UK Focus) 2004-12-15 07:54 GMT: Kleeneze H1 pretax profit 4.25 mln stg vs loss 9.17 mln|
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buys net retailer IWOOT for £10.6m
Edinburgh Evening News - Oct
27 4:59 AM
HOME-SHOPPING company Kleeneze has paid around £10.65
million for I Want One of Those.com (IWOOT), an internet
retailer offering gifts, gadgets and lifestyle
acquires gadets website
Bulletin, United Kingdom - Oct
Home shopping specialist Kleeneze
is acquiring I Want One of Those.com, the internet
retailer of gifts, gadgets and lifestyle
dig deep on field trip to mine
Guardian, UK -
Nov 15, 2004
... Ashtead Group added 3p
to 77p on talk that trading at the support
services firm has been strong while Kleeneze
gained some speculative support, up 8.5p at 133.5 ...
hopes to snap up £100m
Telegraph.co.uk, UK -
Oct 19, 2004
... The company has
appointed Gavin Simmonds, chairman of clothing
chain Peacock Group, as its chairman and William
Rollason, the chief executive of Kleeneze,
as a ...
strike it rich as oil prices soar
Scotsman, UK -Oct 29, 2004
... Home-shopping company Kleeneze
paid around £10.65m for I Want One of Those.com,
an internet retailer offering gifts, gadgets and
Sunday, UK - Oct 26, 2004
... Swindon-based home
shopping group Kleeneze said it was buying
online gadget, gifts and accessories retailer I
Want One Of Those.com for up to £10.6 million. ...
Sep 2004 Kleeneze confident of achieving FY trading
Sep 2004 Home Shopping group to launch 'Eezee' TV
unit in cut price sale
Kleeneze has offloaded its loss-making display
marketing business DMG for just over one eighth of what it
paid for it less than three years ago.
DMG - which was recently renamed The Wonderful Book
Company - was sold to Premier Direct for just £4.1
million, a fraction of the £31.5 million Kleeneze paid
for the business in November 2000.
Chief executive William Rollason admitted the price was
"disappointing" but said the sale cleared the
way for the group to concentrate on its profitable
Kleeneze and Farepak businesses.
While the group's remaining businesses made operating
profits of £8.5 million in the year to April 30, up 20%
on last year, DMG ran up losses of £10.8 million.
And after a £33.4 million goodwill writedown on the
value of DMG, the business made pre-tax losses of £44.2
The DMG figure dragged the Swindon-based group into the
red with pre-tax losses of £36 million but Kleeneze said
the disposal would allow it to concentrate on exploiting
"excellent opportunities" for the remaining
Mr Rollason said: "It is disappointing to have
sold DMG for £4.1 million when the Group purchased it for
£31.5 million in November 2000.
"However, following a detailed strategic review in
which we considered the three options of retention,
disposal and closure, we concluded that any potential
upside from reducing the operating losses at DMG was not
sufficient; and the costs and risks of closure were too
"This disposal clears the decks and will enable us
to exploit much more quickly the excellent opportunities
for Kleeneze UK and Farepak."
The Kleeneze catalogue business saw turnover grow 5.5%
to £86.3 million and operating profits rise by a fifth to
£6.6 million with a particularly strong performance from
its newer health and beauty lines.
Story filed: 09:14 Friday 25th July
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