The best of the fashion business-related headlines from the weekend’s papers…
The Times reported that Microsoft chairman Bill Gates had increased his stake in JJB Sports to 4%, a day after taking a 3% stake in the sportswear business. Gates bought £2.5m of shares through his charitable trust.
High street price rises
The current Sales and discounts on the high street could be the last chance to get a bargain as retailers will be forced to increase prices this autumn and winter as their costs rise, according to The Financial Times. The newspaper reported that data from Ernst & Young showed that retailers launched Sales more than 10 days earlier than last year on average. However, it added retailers could be forced to raise prices by up to 10% this autumn because of the recent weakness of the sterling and the VAT increase scheduled for the new year.