News roundup--Supergroup, Dr Martens, HMV, more

Theo Karpathios, the cofounder of Superdry-owner Supergroup, has decided to leave the business. Currently serving as chief executive officer, wholesale and international at the fashion retailer, Karpathios also owns a 14.8 percent stake in the business. In a statement he signalled he is retaining his interests in the business.

According to the Independent, boot brand Dr Martens has shelved plans to sell the business after the bids it received from private-equity firms failed to match its valuation of £200 million.

In a move that’s a “direct departure” from its current business model, HMV is set to open a “social media” cafe featuring Wi-Fi and mobile phone recharging points. Customers will be able to browse the internet while enjoying a coffee, while there are also plans for an area in the store to host live music and local exhibitions, writes the Telegraph.

In direct competition with its rival’s Kiddicare business, supermarket Asda has launched a one-stop shop for baby and nursery products. The Baby Zone stocks maternitywear and hospital bag essentials to nursery furniture, travel equipment, baby clothes, toys, nappies and more.