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Daily Round Up: M&S; Autumn Statement; Reiss; Prada; Christmas Shopping; Duck & Cover; Fashion Bloodhound

From around the web and the nationals

MARKS AND SPENCER has had two of its lingerie ads banned for being “socially irresponsible” according to a ruling by the Advertising Standards Agency. The two adverts in question were shown on the side of buses and prompted complaints from 12 members of the public for being “overtly sexual”. The ASA has ruled that the adverts must not appear again in untargeted outdoor media.

CHANCELLOR George Osborne’s autumn statement has been praised by small and medium-sized businesses as it contained a series of measures to help these firms and boost the UK’s flagging economy. These include a £20bn national loan guarantee scheme for small businesses, a £40bn “credit easing” scheme to underwrite bank loans to small businesses and an extended business rate holiday for small firms.

REISS has appointed Matteo Atti to the newly created position of global head of marketing. Atti, who will assume responsibility for Reiss’s worldwide marketing strategy for the brand’s global expansion plans, was formerly worldwide business development manager at luxury leather brand Bottega Veneta. He will be based at Reiss’s London head office.

PRADA has reported a 75% surge in profits in its third quarter boosted by increased sales in the Asia-Pacific region. The luxury fashion house said a net profit of €273m (£234m) in the three months to the end of October, a 75% jump from year earlier. Sales during the period grew by 25% to €1.73bn (£1.48bn).

DECEMBER 10 is set to be the busiest shopping day of the year, according to a new survey by the Clothes Show Live. The survey of 3,000 people also found that 2.30pm is likely to be the peak shopping time and that women would be likely to visit an average of 14 shops during the day while men will visit just six. December 10 is also the day when areas of the West End of London will be pedestrianised to allow shoppers easier access to shops.

DUCK AND COVER is set to show at the next edition of Bread & Butter, making it the first time in three years that the menswear brand has exhibited at the show. The brand said that its return to B&B fits in with its plans to introduce the brand to more global markets in 2012.

FASHIONBLOODHOUND.COM, the designer resale site, has teamed up with the Too Many Women charity to offer a selection of previously owned designer items from celebrities. Celebrities include Made In Chelsea stars Caggie Dunlop and Millie Macintosh, socialite Sophie Anderton and Britain’s Next Top Model 2011 winner Jade Thompson. The items will be featured over the course of the next two months and customers will be able to make an offer for the item with the highest bid winning. All proceeds will go to The Too Many Women charity.

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