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The weekend newspaper round up: November 21 to 22, 2009

A round up of the best fashion business stories from the weekend’s newspapers.

The weekend papers were full of reports about Marc Bolland’s appointment as the next chief executive of Marks & Spencer.

A lengthy profile, in the Independent on Sunday, said Bolland is to be tasked with turning M&S into a global player.

The Observer noted that supermarket Morrisons paid him a salary and bonus of £1.7m last year, along with shares worth £4m.

While the Sunday Times said Morrisons had been preparing to sweeten Bolland’s payment package before he suddenly departed.

The Mail on Sunday reported that Bolland will likely receive a ‘golden hello’ at Marks and Spencer worth about £5m.

Tillman to head up UK manufacturing alliance

Harold Tillman has approached investment agency Nesta to boost production of clothing in UK factories, according to The Mail on Sunday.

The move is supported by The British Fashion Council, the Centre for Fashion Enterprise and the Manufacturing Advisory Service.

Lyle & Scott boss slams discounting

The Mail on Sunday also reported on Lyle & Scott boss Derrick Campbell’s vow that he would sooner burn excess stock before he allowed it to be sold through discount stores.

Campbell was speaking at The Drapers/WGSN Fashion Summit 2009.

Caprice to sell lingerie via Tesco and Dorothy Perkins

After previously doubting the future of her lingerie brand model Caprice is confident her brand By Caprice will now survive the recession. The model has signed new contracts with Tesco and Dorothy Perkins, reports The Mail on Sunday.

Cath Kidston seeks investor to fund Far East expansion

Cath Kidston is seeking a majority investor for the company, which is reported to be worth up to £75m. The clothing and homewares company will look to roll out stores in the Far East, reported the Sunday Telegraph.

 

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