Blog: Leonie BarrieM&S takeover bid hots up...

Leonie Barrie | 3 June 2004

The M&S takeover battle was always going to be one of the highlights of the summer, but less than a week in and the pace seems to be really hotting up. The appointment of Stuart Rose as the new chief executive was a clear sign that M&S intends to fight for all it’s worth and some pretty heavy salvos have been flying already. Not only has M&S won a ruling blocking Mr Green's lawyers from advising him due to a conflict of interest, but an offer of around £9 billion has been rejected on the grounds that it “undervalues the group.”   

The speculation now is whether Mr Green will return with an improved offer, and whether shareholders buy into his vision for returning M&S to its former glory. Judging by the questions he’s asking on the exact nature of the agreement between M&S and George Davis’ Per Una line, some sweeping changes could be in store. The saga could unfold in other ways too. For instance, are other bidders likely to step into the fray? Or does the new management team have the ability to revive the business after several years of failed attempts by their predecessors? That’s the gamble the shareholders must take of course.


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?