Blog: A right royal battle
Leonie Barrie | 1 June 2004
It seems the widespread criticism of Marks & Spencer’s management team has finally been taken to heart by the board (see previous blog). Often panned for its layers of bureaucracy and inability to make speedy decisions, M&S yesterday threw down the gauntlet and effectively declared war on a £10 billion takeover bid by retail tycoon Philip Green. Stuart Rose has been brought in to take charge as the retailer sharpens up its act. So now it’s Rose, nicknamed the King Midas of British retailing for his golden touch when it comes to reviving struggling retailers, pitted against 'King of the High Street' Green who owns both Bhs and Arcadia.
The addition of Rose is considered a major coup, particularly with his experience in clothing retailing. Speaking on BBC Radio 4's Today programme this-morning he said he wanted to restore M&S’s reputation for “good quality, good value, good service and innovation.” Whether Rose will be able to pursue this goal remains to be seen however, as he hasn’t been able to see off hostile bids in the past. Instead, he’s managed to squeeze out extra value for shareholders, which in itself is no mean feat. Green now faces a much tougher task in launching a successful takeover, and with its new appointment M&S has sent out a clear signal that it intends to put up a strong fight.
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- New project to digitalise European fashion chains
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022