M&S breathes sigh of relief at Plassat appointment

By: Petah Marian - 1 February 2012 14:36

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.