Blog: Leonie BarrieA Rosy future?

Leonie Barrie | 14 July 2004

I've been away for a couple of days, during which time the battle for control of Marks & Spencer seems to have reached fever pitch. We've been here before of course - Philip Green toyed with a similar takeover bid a couple of years ago and M&S has been unveiling revival plans under each and every one of its recent bosses from Peter Salisbury to Luc Vandevelde and Roger Holmes.

But at last we have two competent clothing retailers putting credible (and remarkably similar) proposals on the table. And both have the capacity to deliver. Shareholders seem unable to decide between them either: Philip Green is being backed by M&S's largest shareholder Brandes Investment Partners, while Stuart Rose in the M&S corner can count on Standard Life and, it seems, a tidal wave of public support from shareholders who turned up at the company's AGM today.

Perhaps the most exciting thing in all of this is that whatever the outcome, M&S's value has soared, it's future strategy is likely to focus on going 'back to basics' with a cohesive offer and delivering real value to customers. The one downside perhaps, is that if he fends of Green, Rose is going to be under immense pressure to deliver results - and quickly.


BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

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...

just-style homepage



Forgot your password?