The best of the fashion business headlines from the weekend newspapers...
Francis Salway, the chief executive of property company Land Securities, warned that retailers campaigning to change leasing structures so that they can pay rent on a monthly rather than quarterly basis could break competition laws, according to The Daily Telegraph .
Francis Salway, who is also president of the British Property Federation, told the newspaper that the group of retailers led by Arcadia owner Sir Philip Green who are calling for meetings with landlords about rents, could create competition issues because they had joined forces to negotiate as one body.
The Daily Telegraph also reported that parents and school head teachers have criticised Marks & Spencer's new schoolwear ranges for featuring "bling" and "yobbish" designs. The newspaper singled out girl's trousers with a diamante charm on the waist and hooded tops as being "inappropriate" according to some critics.
The Sunday Times said that Woolworth's biggest shareholder has backed the management's rejection of the £50 million takeover approach from Iceland boss Malcolm Walker. Iranian property tycoon Ardeshir Naghshineh, who has a 10.2% stake in Woolworths, said the bid was not a good deal for shareholders. He also refused to deny that he was planing his own bid.
Sales of school blazers jumped 200% in the last six months, with parents rejecting casual styles in favour of more formal uniforms, according to The Observer . The newspaper said that the increase was driven by a perception that smarter uniforms boost a school's overall success.
The Sunday Express said that the Faith management team and Hilco were among the parties bidding for the footwear chain. The newspaper said a sale could be announced this week.