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....
- INTERVIEW: Crystal CEO rises to the challenges
- Li & Fung: China consumption to bring major change
- Pacific Crystal Textiles gears up for production
- Innovation and e-commerce key to Nike's growth
- Growth in smart garments and wearable technology
- China apparel interns in forced labour conditions
- Adidas taps Nike designers for new creative studio
- Addressing anaemia key to Cambodia productivity
- Chinese firm to invest in Ethiopian textile plant
- Activists slam dismissals at Sri Lanka shoe firm