The best of the fashion business related headlines from the weekend's newspapers...
Sportswear retailer JJB Sports is expected to announce this week that its profits for the first half of the year have halved, according to The Sunday Express. The newspaper noted that Kaupthing analyst Matthew McEachran, predicted profits of £3.9 million, down 53% on the same period for the previous year.
The drop was blamed on the clothing side of the business, where sales have fallen 5% to £347m during the period, performing worse than JJB's health clubs.
The Mail on Sunday said that Sports Direct founder Mike Ashley is believed to have lost more than £200 million, after taking large positions in the bank via spread betting. However falls in the share price forced him to to spend millions covering his positions.
Marks & Spencer is standing by its new face and star of its advertising campaign, Lily Cole, after it was revealed that the model will pose nude for Playboy magazine, according to Saturday's The Daily Mail. Cole will feature in a 14-page shoot and on the cover of a French edition of the magazine. Campaigners say that the photos are degrading and that M&S is indirectly supporting the magazine.
A spokesman for M&S told the newspaper that it was Cole's choice what work she accepted and that the retailer did not want to interfere with her career.