The Observer said that Moss Bros family shareholders were losing patience with Icelandic investor Baugur over its failure to reveal its intentions regarding the menswear chain. David Moss reportedly told the newspaper that there could be rival bidders for the chain. Members of the Gee family, which together with the Moss family own around 26% of Moss Bros, are understood to have received approaches from other investors, according to the newspaper.
Marks & Spencer is mulling a return to Israel after pulling out of the country a decade ago, according to The Mail on Sunday. The paper said M&S was reviewing possible franchise partners and locations, and could re-establish operations in Israel by the end of the year.
The Sunday Telegraph reported that suppliers of footwear chain Stead & Simpson, which went into administration last month, were facing financial meltdown due to unpaid bills. Supplier Now Shoes, which is owed an estimated £650,000 from the collapse of Stead & Simpson and Dolcis, has appointed corporate rescue specialist Begbies Traynor, according to the newspaper. The newspaper added that some suppliers are taking legal action to reclaim money owed.
The Sunday Times said that Sports Direct appeared to be winning over the City, after several analysts were recommending that investors in Sports Direct hold or buy stock.