A round up of the best fashion business stories from the weekend’s newspapers.
Marks & Spencer
The paper also reported that department store chain Harvey Nichols plans to open in Turkish capital Ankara and is also eyeing sites in Russia and Brazil.
Young fashion brand Henleys has netted its founder Ben Luscombe a £6.6m pay package, according to the Sunday Express. The brand saw sales rise 33% to £34m in the year to March 2009, according to accounts filed at Companies House. The company still has debts of £15.8m.
Young fashion business Supergroup is already close to achieving its £125m stock market listing well ahead of the March 15 deadline, according to the Independent on Sunday. The paper said that the book building process is likely to be completed today.
Meanwhile, the Sunday Telegraph interviewed Supergroup founder Julian Dunkerton, who said the business had the potential for 1,000 franchises in Europe.
The Sunday Telegraph’s interview with Nike chief executive Mark Parker explored the sports brand’s cost cutting measures and the launch of its GreenXchange ethical programme.
The Independent on Sunday ran a profile on Harold Tillman, British Fashion Council chairman and owner of Jaeger and Aquascutum, as the fashion mogul joined the chancellor’s wife Maggie Darling for breakfast at 11 Downing Street.
British luxury brand Burberry is to launch a cosmetics line called Burberry Beauty this summer, according to the Sunday Times.
The shoe designer is poised to open her first standalone in Chelsea after a successful first year, reported the Independent on Sunday