Blog: M&S breathes sigh of relief at Plassat appointment

Petah Marian | 1 February 2012

Marks and Spencer will have breathed a sigh of relief following the appointment of Georges Plassat as CEO of Carrefour.

Speaking to just-style, Shore Capital analyst Clive Black said that there were murmurs that Marc Bolland was in the running to replace Lars Olofsson at Carrefour.

Indeed his international experience combined with his experience across food and general merchandise might have made him a good fit.

However, with the difficulties facing Carrefour, combined with Bolland being just over a year into his three-year strategy at M&S, the world's second largest retailer was unable to lure Bolland away.


Ethiopia unrest a sourcing risk?

Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...

just-style homepage

Forgot your password?