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
The move is supported by The British Fashion Council, the Centre for Fashion Enterprise and the Manufacturing Advisory Service.
Lyle & Scott boss slams discounting
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.