Blog: M&S's Sir Stuart to join Pret a Manger owner
Dean Best | 14 September 2010
Sir Stuart Rose, the outgoing chairman of UK retailer Marks and Spencer, is set to join the world of private equity - and the owner of rival sandwich seller Pret a Manger.
Private-equity firm Bridgepoint today (14 September) announced that it had appointed Sir Stuart to its European advisory commitee.
Bridgepoint managing partner William Jackson said he was "delighted" that Sir Stuart was joining the fund. "He's had a fantastic business career and has unparalleled experience in the retail world where Bridgepoint has made substantial investments over the years. It will be great to have him on the team," Jackson said.
The private-equity firm acquired Pret a Manger in 2008 and plans to expand the retailer's store numbers by 15% a year, expansion that M&S will watch with interest.
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
Headlines that Mead Johnson's board has backed Reckitt Benckiser's takeover bid will no doubt overshadow the other news on the group this week – that it is facing a US lawsuit from a “whistle blower” ...
Kantar Worldpanel issued its monthly supermarket share data in the UK this morning - and the numbers showed a change in the identity of the country's top five food retailers....
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China