On Saturday The Daily Telegraph reported that handbag brand Radley was close to being sold for around £140 million. Buyout firm Exponent is understood to have been chosen as the preferred bidder by Radley's private equity owner Phoenix Equity Partners.
The Sunday Telegraph said that Woolworths is under pressure to renegotiate its debt ahead of the Christmas rush. The retailer has hired KPMG to help it switch to a new debt package that will give the banks security over their loans and find Woolworths some new lenders. Woolworths shares plummeted to 14.5p last week after an investment bank warned Woolworths' retail business was worthless.
Sports Direct and JJB Sports will square up to Nike with submissions to the Office of Fair Trading's investigation into its proposed acquisition of Umbro this week, according to the Sunday Express. Interested parties are due to return a 20-page questionnaire to the watchdog outlining their concerns about Nike's takeover today.
The Mail on Sunday said that Asda would move its George brand more upmarket after research from Taylor Nelson Sofres showed that value retailers had lost market share in the past 12 weeks - the first time there has been a fall since 2005. Value retailers' market share fell from 17.9% to 17.7% over the 12 weeks.