The best of the business headlines from the weekend newspapers.
Frustration is growing amongst Moss Bros shareholders over the failure of Baugur to launch a bid for the business, despite declaring its interest almost two months ago. According to The Financial Mail on Sunday, the recent credit crunch that has gripped Iceland's debt market has left firms such as Baugur, which borrow heavily to fund deals, facing mounting interest charges putting paid to an imminent bid for the menswear retailer.
Linda Bennett is a step closer to banking tens of millions of pounds after first-round bids were lodged for the LK Bennett chain she founded according to The Observer. The newspaper claims that serious bidders for the chain include private equity firm 3i which owns Hobbs.
The owners of White Stuff the fashion brand and retailer are cashing in on their stakes in the company they founded as ski bum students. KPMG has been hired to do a strategic review of the business, which is now worth £80 million, and George Treves and Sean Thomas who started the company stand to reap millions of pounds each by selling some of their 80% combined stake, writes The Sunday Times.