Marks&spencer news and archive

Marks & Spencer announced as official tailor of England football team

Marks & Spencer has announced that it has been selected as the official tailor of the England Senior Men’s and Women’s football teams, a partnership that will span the course of three years. It builds on the department store’s long-standing relationship with the Football Association, dating back to 2007 when it was selected as the official suit...

5 Aug 2022

Business

Marks & Spencer exec steps down to join Primark owner

Primark’s owner Associated British Foods (ABF) has announced that Eoin Tonge has been appointed as the company’s next finance director, succeeding John Bason who is retiring and stepping down from the board. A start date is yet to be agreed on, however ABF said it will be no later than February 2023. Tonge will be joining ABF from Marks &...

21 Jul 2022

Business

Marks & Spencer shareholders revolt over pay package for outgoing CEO

Marks & Spencer has faced a revolt from almost a third of its shareholders over a 2.6 million pound bonus paid out to outgoing CEO Steve Rowe. Twenty-nine percent of the British retail giant’s shareholders opposed the decision amid the company’s ongoing pandemic recovery and against a backdrop of rising inflation and widespread market...

6 Jul 2022

Business

Marks & Spencer report suggests cost-of-living won’t ‘dampen’ summer optimism

A new report by department store retailer Marks & Spencer has found that the growing concern around finance will not be heavily impacting British consumers this summer. In its latest Family Matters Index, the British chain reported that eating more healthily, exercising more regularly and spending more time outdoors were at the top of consumers’...

4 Jul 2022

People

Marks & Spencer taps new non-exec director

Marks & Spencer has appointed Ronan Dunne as a non-executive director, effective August 1. Dunne has been the non-executive chair of Six Nations Rugby since January. Prior to that, he was the CEO of Verizon Consumer Group, and earlier still held the same position at Telefónica UK. “I am delighted to welcome Ronan to our board,” Marks & Spencer...

17 Jun 2022

Fashion

Marks & Spencer launches first sustainability challenge for start-ups

Marks & Spencer has launched its inaugural sustainability innovation challenge for start-ups and scale-ups. The British retailer is looking for tech-focused partners to help build on its sustainability efforts and achieve its goal of being net zero by 2040. Marks & Spencer will be working alongside innovation and investment firm True to find...

9 Jun 2022

BusinessFeatured

Marks & Spencer posts robust FY results, but warns of challenges ahead following Russia exit

Marks & Spencer has reported strong revenue growth in the year to April 2 as it swung to a profit, but warned of broadly flat profit for the year ahead after closing its Russian business and amid rising inflation. In the 12 months to April 2, revenue at the British retail giant came in at 10.89 billion pounds, up 18.7 percent compared to the...

25 May 2022

Business

Marks & Spencer to launch alumni mentoring programme

British department store Marks & Spencer has announced the launch of its first alumni mentoring programme, designed to aid in the development of its former and current colleagues. Coming as an extension of its ongoing mentoring scheme, the new programme hopes to keep the retailer’s network of alumni as active members and further allow current...

20 May 2022

Business

Marks & Spencer’s Jaeger appoints new head of product

Jaeger, an independent clothing brand owned by Marks & Spencer, has announced the appointment of Suzi Avens as its new head of product. Avens will be tasked with delivering a contemporary product strategy in continuation of Jaeger’s goal to create a compelling omnichannel brand with an international presence. She joins the company already with...

19 May 2022

People

Marks & Spencer taps new womenswear director

Marks & Spencer has appointed Maddy Evans as its new director of womenswear. Evans will take up the new position in July and will replace Jill Stanton who is exiting the business after four years. Marks & Spencer credited Stanton for playing a “pivotal role” in reshaping its product offer across womenswear, kidswear and beauty to become “more...

5 May 2022

Retail

Rental platform Hirestreet links with Marks & Spencer for biggest retailer collab to date

UK fashion rental platform Hirestreet has launched its biggest retailer collaboration to date with Marks & Spencer. The Spring collection is the second drop of Marks & Spencer products on the platform, and comprises 40 new season womenswear pieces from M&S Collection, as well as from the retailer’s in-house brands Autograph and Per Una. The...

13 Apr 2022

Retail

Marks & Spencer to expand store presence of Jaeger for SS22

Marks & Spencer has said it will be expanding the in-store presence of the Jaeger brand following a “successful UK store trial” which launched in October 2021. The British label, which Marks & Spencer acquired back in January 2021, relaunched through the retailer as part of expanding its own-brand range business, contributing to the ‘Brands at...

28 Mar 2022