The best of the fashion business headlines from the weekend newspapers...
The Sunday Times said that Next, Debenhams, New Look, Arcadia and Bhs were among a group of retailers who had united to demand monthly rent payments rather than quarterly to help ease their cashflow. Some 16 retailers accounting for £2 billion of annual rent have joined the campaign. The retailers intend to appoint a representative to negotiate on their behalf ahead of the next quarterly rent day in September.
The Sunday Telegraph said that lawyers from eBay, the online auction website, would hold talks with representatives from Walpole, which represents the British luxury goods industry next week, following a spate of counterfeiting lawsuits overseas. The discussions will centre around Intellectual Property Protection and whether eBay should take more responsibility for the sale of fake designer goods through its website.
The Sunday Telegraph reported that Hunter Boot, the wellington boot firm, is one of the companies hit by new restrictions on manufacturing in China ahead of the Olympic games in Beijing next month. The newspaper said that Chinese officials have ordered a reduction in the transportation of manufactured goods from factories in the vicinity of the capital to coastal ports in an effort to cut down on pollution.