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...The Dutch-listed company, which has market value of €10.3bn, is turning to former Marks and Spencer chief executive Luc Vandevelde to be chair and interim chief executive, according to people with direct...
...“I don’t expect a lot more capacity withdrawal, but you’re not seeing capacity increase either,” Norman said....
...He will be succeeded by vice-chair Archie Norman, chair of FTSE 100 retailer Marks and Spencer and a former Conservative party MP....
...Marks and Spencer has won a legal challenge in the High Court against Michael Gove’s decision to stop the UK retailer from rebuilding its Art Deco flagship on London’s Oxford Street....
...A Marks and Spencer superapp would be catnip for investors and Middle England alike. Little wonder that a report claiming it was on the cards sparked the odd frisson....
...“We’re [M&S] a seven-days-a-week, 24-hour operation and that’s what you do, but [four days] . . . gives me the freedom to spend some downtime with my kids . . . It really matters to me.”...
...“We quite like what they do, but in terms of competing they’re not as important to us as Sainsbury’s and Aldi,” a senior M&S employee said....
...We would much rather solve this in a nice and constructive way, which is what we’re working towards doing....
...He will also replace Olivier Goudet, chair of JDE Peet’s in late May on a permanent basis. Goudet will remain a JDE Peet’s director. Read more here...
...Marks and Spencer is to pay a dividend for the first time since before the pandemic as bumper food sales powered the UK retailer to a better than expected first-half profit....
...Marks and Spencer chief executive Stuart Machin said: “We’re aware that the competition is watching everything we do and try and copy all of our innovation. That’s OK because pressure is a privilege.”...
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
...For SS24, Spencer’s polos come in terry cotton, or else in a thick, satisfying waffle knit....
...the capital’s premier shopping district,” M&S said in a statement....
...M&S, which started life as a market stall in Leeds in 1884, was a founding member of the FTSE 100, set up in 1984....
...“When you’re talking about a budget that’s $100mn plus, even for a big company, if you miss with two or three of those then commercially you’re on the ropes,” Harding-Rolls said....
...The Birb — never knowingly under-outraged — actually wrote a public letter to M&S setting out what she sees as a “fight for everything we should believe in”, asking “how can you do this to our country?”....
...The US S&P 500 wobbled pretty significantly on this week’s hint from the Federal Reserve that it is in less of a hurry to cut interest rates than traders had hoped, but the index is still pinned close to...
...When Marks and Spencer first promised shareholders a revival 20 years ago, bands including Busted were in the UK music charts....
...High street rival Marks and Spencer has been closing dozens of unwanted stores to prioritise new branches in more profitable locations....
...Personally, I hold Michael Douglas wearing a chunky bottle green jumper over a bare chest in 1992’s Basic Instinct as the pinnacle of V-neck wearing....
...🥁 It’s… Tate & Lyle, which was added in 1991, demoted 1993, re-added 1995, demoted 1997, re-added 2004, demoted 2007, re-added 2008, demoted 2008, re-added 2008, demoted 2009, re-added 2011, and demoted...
...Marks and Spencer is on track to re-enter the FTSE 100 after the UK retailer upgraded its annual profit outlook thanks to robust sales, sending shares up more than 7 per cent....
...Marks and Spencer has posted an increase in annual sales and profits, sending shares up almost 12 per cent on Wednesday and cementing its position as the best-performing retail stock in the UK in the past...
...Spencer....
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