News roundup--Best Buy, HMV, JML

Best Buy’s founder Richard Schulze has quit after it emerged that he had kept secret the fact that his chief executive was having "an extremely close personal relationship" with a female employee, writes the Independent. Best Buy has elected Hatim Tyabji to succeed Schulze as chairman.

HMV has partnered with Ticketmaster to allow the multichannel retailer to broaden the range of events that it can offer its customers both online and in-store, where an initial 20 stores will feature an hmvtickets box office. Coming into effect over the next six to eight weeks, the move sees the service migrate to the Ticketmaster platform, but HMV will retain its hmvtickets team to support established relationships and develop new ones. For Ticketmaster, it means customers can now purchase their Ticketmaster tickets in-store from hmvtickets box offices.

TV-shopping specialist JML has appointed Mark Graas to the group board of directors. Graas has been the managing director of JML’s Benelux operation since 2009, where he’s been responsible for establishing JML in Holland and Belgium.

Coty has withdrawn its $10.7 billion bid for Avon after the deadline for the cosmetics marketer to respond to its offer had expired, reports the Financial Times.

Three staff members at Scotts & Co have created knitted dolls of 33 athletes ahead of the Olympics at the end of July, reports This is Wiltshire. The trio hope their efforts will raise money for a local wheelchair basketball team’s world record attempt later this summer.