Men's wear distributor Marchpole Holdings Plc has settled its long-running feud with former chief executive Michael Morris. The company, which holds the British licence for fashion houses Yves St Laurent and Jasper Conran, said in a statement it has agreed "to pay Mr Morris a sum in compensation for his loss of office together with a contribution towards his legal fees and, in turn, Mr Morris has agreed to assist the company in recovering certain payments due to it."