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Weekend newspaper round-up: July 4-5

The best of the fashion business-related headlines from the weekend’s newspapers…

Douglas Hayward

Mayfair tailoring business Douglas Hayward has filed for administration, just over a year after the death of its eponymous founder.

The Sunday Times reported that Hayward, one of the first tailors to set up outside of Savile Row, was a favourite with 1960s icons Sir Roger Moore and Michael Caine.

Administrator Kingston Smith & Partners hopes to find a buyer in the next few weeks.

Tesco

Tesco shareholders have warned the supermarket that they are unhappy over plans for the retailer to alter its management share option plan.

The Daily Telegraph wrote that 41% of shareholders had voted against its resolution to extend the period during which leaving or retiring executives can exercise their share options.

Only 55% of shareholders voted in favour of the changes the retailer’s shareholder meeting last week, with 4% witholding their votes.

 

 

 

 

 

 

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