True, a private equity firm, has acquired a majority stake in ethical children’s fashion brand Frugi and appointed Hugo Adams, former executive board director of Superdry and chief of staff at M&S as new CEO.
M&S is the latest in a growing list of retailers launching start-up schemes to have access to new technologies and innovative solutions, as digital becomes central in the fight to survive on the high street.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.
Marks & Spencer has quickly reacted to the ‘Gareth Southgate Effect', which has sent the country into waistcoat-wearing frenzy, with a social media and ad campaign in support of the England football team.
Anyone hoping for a trading update from M&S this week has had their hopes dashed with news that the under-pressure chain won’t be giving out the current-trading details that we’ve become accustomed to at its AGM.
The UK chancellor has admitted business rates are hurting retailers and that he’s seeking “a better way of taxing the digital economy” at the same time as the New West End Company is calling for an e-tailer sales tax.