UK: Marks & Spencer plays down Bostock departure rumours
Kate Bostock, M&S executive director, general merchandise
Marks & Spencer has moved to quash rumours today (24 November) that general merchandise executive director Kate Bostock is in advanced talks to move to online fashion retailer Asos or another rival.
According to The Financial Times, unnamed sources claim Bostock is in talks to become Asos' managing director.
Speaking to journalists following the opening of its new Paris store, M&S chief executive Marc Bolland said: "I am not interested in discussing rumours in the press. We have never commented. Kate is sitting right here with me."
However, Bostock did not expressly deny the rumours, saying: "I am very disappointed at pieces in the press today. I am very proud of the team."
According to the reports Bostock is also being courted by several other companies, including New Look.
Earlier this month, M&S reported that general merchandise sales in the UK fell 0.8% and were down 1.3% on a like-for-like basis over the second quarter, which it attributed to bringing its sales into the tail-end of the first quarter.
Bostock joined the retailer in 2004 as director of women's wear. She was hired from Asda where she was product director for the George clothing brand, and before this was product director for children's wear at Next.
The US-Colombia Free Trade Agreement comes into force today (15 May) - but, as in so many cases, the disruptive nature of US trade policies means all is not quite what it seems. Here Steve Lamar, exec...
After Marks & Spencer today (17 April) posted a surprise decline in fourth-quarter sales, the industry's reaction to the results was mostly positive - despite the retailer admitting to running out of ...
Top stories on just-style this week include a report on Adidas suing Big 5 over an alleged infringement of its three stripe trademark, an article on western apparel companies considering reshoring to ...
New York & Co has promoted Christine Munnelly from senior vice president of merchandising to executive vice president of merchandising. ...
Specialty apparel chain New York & Company has narrowed its first quarter loss after efforts to improve unit costs and expand its e-commerce and outlet businesses offset a fall in sales....
Apparel firm Perry Ellis International Inc today (17 May) said it was "pleased" with its first quarter, after efforts to overhaul its brands "made progress", and falling earnings and sales both came i...
Higher costs, "challenging" trends in Europe, and falling same-store sales in the US have combined to push teen-apparel retailer Abercrombie & Fitch Co to a sharp drop in first quarter earnings....
- Yuan devaluation impact mixed for garment firms
- Will Vietnam struggle with impending trade deals?
- Nicaragua apparel and shoe firms to double in size
- The new age of disruption on apparel production
- China devaluation: what’s the big deal?
- H&M scaling up living wage effort to key suppliers
- US Q2 in brief: Shoe Carnival, J Crew, Aeropostale
- Myanmar approves first minimum wage
- Adidas seeking to resolve shoe supplier dispute
- EU clothing buyers should brace for higher prices
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Ethiopia – the emerging textile and clothing industry
- Global market review of lingerie - forecasts to 2020
- Global market review of denim and jeanswear – forecasts to 2020