Blog: Leonie BarrieA 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.

UK: M&S Names Stuart Rose CEO


BLOG

A deep dive to unlocking digitisation's potential

So far, the promise of digitisation in the apparel industry remains largely unfulfilled. But with opportunities for new cheap supplier countries nearly exhausted, it is now seen as offering sourcing e...

BLOG

Kingpins Goes to DC – Watch now

The challenges and opportunities facing today’s textile and apparel industry is also explored in the second in a series of expert panel discussions that is now available to watch on demand...

BLOG

Industry outlook positive but disruptive

How is the global apparel sourcing landscape changing? According to executives at last month’s MAGIC fashion trade show in the US, "speed-to-market," "product differentiation" and "inventory control" ...

BLOG

Speed-to-market can be slow to achieve

It's easy for brands and retailers to see how they can potentially benefit from a successful speed-to-market program – but the irony is that without the support of strategic suppliers, it can be a lon...

just-style homepage



Forgot your password?