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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...
...One of the main architects of Marks and Spencer’s turnaround has credited its efforts to break the “vicious circle” of sticking with ageing customers for helping to revive the UK high street stalwart’s fortunes...
...Under M&S’s proposals, three existing buildings would be demolished to make way for a nine-storey development, including a new M&S store, restaurants, offices and a gym....
...Like-for-like food sales rose 9.9 per cent in the most recent third quarter; clothing and homeware was up 4.8 per cent on the same basis....
...Like-for-like sales of clothing and home goods rose 4.8 per cent to £1.2bn, above expectations of 2.8 per cent, partly because the company offered fewer discounts....
...Marks and Spencer co-chief executive Katie Bickerstaffe is stepping down after less than two years in the role, leaving Stuart Machin as the sole boss of the UK retailer....
...The remarks are an echo of those by Marks and Spencer’s chief executive Stuart Machin, who has described his team as “always positively dissatisfied”....
...M&S said like-for-like food sales rose 9.9 per cent to £2.3bn in the 13 weeks to December 30, ahead of the 6.6 per cent expected....
...Ocado has threatened legal action against Marks and Spencer as the two retailers clash over a final payment tied to their online joint venture....
...Rose Glass I’m just very on the nose....
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
...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 has won a legal challenge in the High Court against Michael Gove’s decision to stop the retailer from knocking down its Art Deco flagship store on London’s Oxford Street....
...Pre-tax adjusted operating profit rose to £797mn, beating analysts' expectations, driven by the group’s asset management arm....
...This post has been corrected since publication to show that operating profits rose in the first quarter, not sales...
...But there were also improvements in M&S’s troublesome clothing business, long a focus to revitalise the group. Here like-for-like sales rose 5.5 per cent....
...“I know I’m in a precarious position but even if mortgage rates fall, I think there will be a lag before that feeds through to greater demand,” he says....
...Me Libérez Pas, Je m’en Charge (€19.50) is a dense, velvety red, a riff on self-empowerment. On Se Lève et On Se Casse!...
...I’m really proud of it. But now I’m done with that. I want to sell it and I’m looking for a buyer. So how does this process work with a typical M&A deal? Sujeet Indap Sure....
...M&G’s share price rose by about 2 per cent in morning trading....
...I’m Lilah here in New York, and I’m a weekend bag with a bikini and a raincoat. With me from London is the editor of Globetrotter, Rebecca Rose....
...Getting dressed has become a bit of a business these days, and I had been working in my pyjamas – like Stanley Spencer did – but Rose, my daughter, said, “Come on, Dad, let’s make an effort.”...
...Enders Analysis estimates global gaming revenue rose by less than 1 per cent last year to $184bn, a slower rate than inflation....
...Marks and Spencer has upgraded its profit outlook on the back of robust sales in its clothing and home and food businesses....
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