Sunday Papers: Mellon considers bid for Jimmy Choo - bid news and gossip

The Sunday Telegraph

* Fashion entrepreneur Tamara Mellon is considering buying back Jimmy Choo, the shoe business she founded 16 years ago; some sovereign wealth funds, pension funds and private individuals are ready to back Mellon in the £500m bid.

* BAE Systems has reportedly put part of its North American commercial aerospace business up for sale for as much as $2bn; potential buyers include Rockwell Collins, Woodward Governor and private equity firms Warburg Pincus and Carlyle Group.

* Terry Smith, the City broker, is to set up and run a new fund management business that will carry his name.

* Adam Applegarth, the former Northern Rock chief executive who presided over the demise of the high street bank, has moved into property with the launch of his own business.

The Observer

* Administrator PricewaterhouseCoopers hopes auction of Lehman's 'artwork and ephemera' will raise £2m.

* New BBA chair Marcus Agius takes softer approach on banking commission.

The Independent on Sunday

* Top banking officials from 27 countries are locked in talks today in the Swiss town of Basle finalising new, tougher, global capital rules which could force banks to raise fresh equity.

* Nathaniel Rothschild's Vallar investment vehicle will do battle with BHP Billiton, Rio Tinto, Anglo American and Xstrata for the $7bn Colombian operations of coal miner Drummond.

* Investors are being quietly approached by the State of Oman about purchasing a stake in the large Bishops Square complex near London's Spitalfields market.