Digest

Jungle.com, the electronics e-tailer, has been bought for £37m by Great Universal Stores. John Peace, chief executive of GUS, comments: “There is a strong strategic fit between these two businesses.

Jungle.com, the electronics e-tailer, has been bought for &£37m by Great Universal Stores. John Peace, chief executive of GUS, comments: “There is a strong strategic fit between these two businesses. For the first time, GUS will be able to offer its customers a wide range of computer and office products via the most convenient channel, whether ordering via store, catalogue or the Internet – for delivery to store, home or work.” He continues: “With this acquisition, GUS is establishing itself as a leading e-commerce retailer with annual [e-commerce] sales of well over &£50m.”

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