A round up of the best fashion business stories from the weekend’s newspapers.
- Marks & Spencer has given up its search for a strategy director and is set to report positive results this week, according to the Financial Times. First quarter clothing sales are forecast to be up 3.7%, according to reports. Chief executive Marc Bolland, who joined on May 1, will present the trading results on Wednesday.
- French Connection has completed the sale of Nicole Farhi to private equity firm OpenGate Capital in a deal that will net the retailer £5m, reported The Telegraph. The agreement to sell the premium brand was announced in March.
- Designer Louise Goldin was named as one of Management Today magazine’s 35 Women under 35, which recognises young women who have been particularly successful in their careers, reported The Sunday Times.
- Couture is back, according to The Independent on Sunday, which reported that designers including Chanel, Jean Paul Gaultier and Givenchy had seen a rise in sales of their custom-made pieces ahead of this week’s Paris Couture shows.
- Tesco faced a revolt over pay as 48% of investors voted against its executive pay policy. The retailer came under fire at its annual general meeting on Friday for paying its executives £25m last year. Saturday papers, including The Telegraph, The Times and the FT reported on the story.
- Amanda Grogan, a fashion design graduate from Ireland’s National College of Art and Design, has become the first Irish recipient of the international Mittelmoda fashion award. The prize, worth €10,000, is awarded each year to a graduate selected from over 600 fashion and art schools worldwide.