Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

What the weekend newspapers said June 28-29

The best of the fashion business related headlines from the weekend newspapers...

The Financial Times said that Baugur, the Icelandic investment group, was considering redomiciling some of its companies to the UK to avoid its chairman Jon Asegir Johannesson being banned as a company director. Last month the Icelandic supreme court convicted Jogannesson of book-keeping offences but serious fraud and embezzlement charges were thrown out. Johannesson is reported to have told the Morgunbladid newspaper: "Which of our companies here in Iceland will be moved either to the UK, Denmark or the Faroe Islands remains to be seen...We are looking deeply into it now." He added: "The fact is nobody - neither shareholders, banks, auditors, nor members of the boards - wants me to leave the boards of our companies."

The Sunday Telegraph said that shareholders in Moss Bros were calling for the menswear chain to move to Aim to help it reduce costs. The newspaper said that Laura Crawford, a legal director at Greenwoods menswear chain, which owns a significant number of shares in Moss Bros, urged chief executive Philip Mountford to consider the move. Mountford said the decision would be made by the company's new chairman, when he or she is appointed.

The Sunday Express said that LK Bennett could be sold to Phoenix Equity partners as early as this week. The newspaper said the deal could be worth up to £100m.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.