Allan Leighton the chairman of Sir Philip Greens's BHS chain is to stand down, pulling down the shutters on one of the most high profile business relationships of the last five years. According to The Sunday Times the former Asda supremo will step down from the part time non-executive post after Christmas to concentrate on his other business interests which include running Royal Mail.
Ozwald Boateng is to open a new flagship store on London's Saville Row ahead of wider expansion plans. The Independent on Sunday reports that Boateng plans to open 30 new outlets over the next three years. The US, the Middle East and China have all been earmarked as potential locations.
Country Casuals model Selina Scott has decided to part company with the retailer after a year as the face of the fashion chain. A Country Casuals spokesman told The Sunday Telegraph that Scott wants to concentrate on other projects so did not renew her contract.
LK Bennett goes on the market today when investment bank NM Rothschild sends out prospectuses for the business. Barclays Private Equity, 3i which owns Hobbs, Icelandic firm Kaupthing, Phoenix Private Equity and European Capital are all interested according to The Sunday Telegraph.
The Original Factory Shop is about to be sold to private Equity firm Duke Street Capital for £70 million said The Mail on Sunday. The retailer which sells either cheap branded goods or merchandise originally made for other high street stores is in talks with the potential buyer.