A round up of the best fashion business stories from the weekend’s newspapers.
- Diffusion lines will be the main drivers of growth for luxury clothing in the future, the Financial Times on Saturday reported. Analyst Luca Solca at research firm Sanford Bernstein said: “I think ready-to-wear has become expensive and is probably not compelling enough at this stage considering you can find more and more fashion at lower and lower prices. So diffusion lines are probably perceived to be good enough in terms of quality and fashion content.”
- Young fashion chain Jack Wills has lost it second key director this year after the departure of retail operations director Ian Shaw, The Mail on Sunday reports. The retailer dismissed rumours that the departures of Shaw and merchandise director Tom Wood were related to a row over bonuses.
- The first major shopping centre development in the UK since the onset of the recession is set to be given the go-ahead by Land Securities this week, the Sunday Telegraph reported. The property developer is expected to announce in a trading update on Wednesday that it has secured enough pre-lettings with retailers to begin construction of Trinity Leeds, a 1m sq ft development in Leeds city centre creating more than 120 new outlets.