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

Digital pieces of the fashion supply chain take shape

The digital pieces of the fashion supply chain puzzle are starting to come together, according to executives at the recent Texprocess apparel technology trade show in Frankfurt, Germany....

BLOG

Latest supply chain leaders?

Swedish fast-fashion retailer H&M, Zara brand owner Inditex, and sportswear giant Nike are not only among the world's leading brands, they also have some of the best supply chains too, according to a ...

BLOG

Finding a solution to the sustainability problem

The key message at this year's Copenhagen Fashion Summit was that the global apparel and textile industry needs to take a holistic view on how it tackles sustainability and responsible sourcing – with...

BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

just-style homepage



Forgot your password?