The best of the fashion business related headlines from the weekend newspapers…
The Sunday Telegraph reported that founder of designer etailer Net-a-PorterNatalie Massenet, was planning the sale of some of her shares in the company. Net-a-Porter made no comment to the newspaper. It has been speculated on several occasions previously that Massenet is looking to sell.
The Sunday Times said that Tesco would report its weakest Christmas sales figures since the recession in the early 1990s, later this week. The newspaper said that Tesco would report a 2.5% increase in like-for-like sales on Tuesday, expected to be the lowest of all the big supermarket chains. However it pointed out that Tesco was still the biggest and most profitable of the grocers.
The Sunday Times also reported that Hunter, the wellington boot firm, was seeking a new chief executive following the departure of Malcolm Cannon. Cannon had run the business since 2006 but has decided not to move to London, where Hunter is setting up new offices.
The Independent on Sunday reported that a committee of MPs is preparing to grill a top insolvency expert Stephen Speed later this month over increasing concern about the use of pre-pack administrations. Speed, who is head of the Insolvency Service, which regulates the industry will be interviewed by the Business and Enterprise Regulatory Reform Committee on January 27.