A round up of the best fashion business stories from the weekend’s newspapers.
Retail round-up: What the weekend papers said September 25 to September 26 2010
- On Saturday, The Times noted the rise in the shares of luxury British heritage brand Burberry, which hit an all-time high on Friday, as speculation swirled that the fashion group could be taken over. Rumours that an American private equity company might be stalking the brand caused the stock to jump 5% to £10.02.
- The Mail on Sunday also reported a pledge by shirt retailer Charles Tyrwhitt to maintain prices of merchandise in its stores in spite of cotton prices reaching a 15-year high at the end of last week.
- Online sales will continue to grow in the UK, but will slow “dramatically”, according to The Daily Telegraph, which covered a new Verdict report that forecasts web sales growth will drop back to 12% between 2009 and 2014, compared to an average of 35% over the previous decade.
- The Observer noted that British footwear designer Nicholas Kirkwood has been appointed creative director at Italian shoe brand Pollini.
- Finally, The Sun reported that M&S has signed comedian Peter Kay for its £10m Christmas ad campaign. Kay will appear alongside presenter Dannii Minogue and ex-footballer Jamie Redknapp. Filming starts this week.