Upmarket lingerie brand Myla is exploring a possible sale according to The Sunday Times . The brand has been put on the market for £25 million following the £60m sale of rival Agent Provocateur last month.
The family representatives on the board of Moss Bros are expected to sound out other shareholders about their support for a possible bid from Icelandic investor Baugur, said The Mail on Sunday.
The Moss and Gee families together own 27% share of the business and shares jumped last week after the Takeover Panel pressed Baugur to produce a statement following reports it was considering launching a bid.
Sir Philip Green has explored the sale of Arcadia's £700 million pension fund which includes 15,000 shop workers according to The Observer. Industry sources claim that the billionaire was close to reaching an agreement with US investment bank Goldman Sachs. However Green said a sale was not on the cards. "I'm nowhere with anybody at the moment. I may have been a year ago but for complicated reasons it didn't happen. I'm going on holiday to the West Indies now. Happy Christmas."