The best of the fashion business-related headlines from the weekend newspapers…
Andy Bond and M&S
Asda chief executive Andy Bond told The Sunday Times it was an “ego trip” to be associated with the top job at Marks & Spencer but said he was genuinely not interested in the job and that there was more “gas in the tank” for him at Asda. Read the full interview here.
The Mail on Sunday reported that Terry Green, chief executive of clothing at Tesco, had registered the domain name www.updatemywardrobe.com, a fashion website which was set up as a student project by students at the Fashion Retail Academy in London. Green, mentored the students, and the site won the Retail Futures Challenge at the World Retail Congress earlier this month. However Green told the newspaper that he had no plans to leave Tesco to build an internet empire.
Blacks Leisure will report losses of £8 million this week according to the Mail on Sunday. The newspaper said that the outdoor group was pushing for its banks to agree renewed borrowing terms. On Friday Blacks Leisure confirmed it had extended terms with Lloyds Banking Group for three months while it continued negotiations.
The Sunday Times featured an interview with Peter Taylor, the new chief executive of Hunter Boot. The newspaper reported to brand had sales of £16 million and generated pre-tax profits of £2.5m.
Tony Page, the former managing director of Woolworths, has teamed up with former UBS banker Gareth Thomas to raise between £5 million and £10m to help him buy back former Woolworths stores, according to The Sunday Times. Page is said to be planning to bring back a Woolworths-style variety store to the high street. Page lost out to Shop Direct in a rescue bid for Woolworths earlier this year.