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

Covid-19 leads to countrywide lockdowns

The coronavirus pandemic continues to cause chaos throughout the global apparel industry, with countrywide lockdowns and the switch of production to personal protective equipment (PPE) all dominating ...

BLOG

Pandemic continues to wreak havoc on industry

The ongoing impact of the coronavirus (Covid-19) pandemic on the global apparel industry and its supply chain continued to dominate content on just-style over the past week....

BLOG

Coronavirus continues to disrupt retail and supply chains

It’s resilience – not re-shoring – that clothing buyers should be seeking from their supply chains in the face of the Covid-19 outbreak....

BLOG

Coronavirus continues disruption of apparel and textile supply chain

Fuelled by new investment from its recent listing on the Hong Kong stock exchange, fashion supply chain manager Lever Style is realigning its business model to be the product engine for rising e-comme...

just-style homepage



Forgot your password?