Blog: Rose prepares to take his bow at M&S
Dean Best | 26 May 2010
Marks and Spencer chairman Sir Stuart Rose professes not to like the word 'legacy'.
However, yesterday (25 May), as he reported the UK retailer's annual results, he presented a defence of his tenure.
Rose, who is set to step down as M&S chairman by March, has had something of a rollercoaster six years at the helm of the business but, as he prepares to leave the stage, he told the City media that his time at the top had been a success.
In his usual machine-gun style, Rose launched a rat-a-tat-tat list of how M&S has progressed since 2004, including gains in clothing, more modern stores and the start of a revamp of its systems and supply chain.
"I don't tend to look back. I'm a glass-half-full, look-forward kind of guy. I feel the business is in a better position than when I inherited it," Rose said.
However, M&S, and new chief executive Marc Bolland has a job on its hands on deciding the direction of the retailer's food business, which suffered during the downturn.
M&S invested heavily in promotions to lure back consumers but food remains a long-term challenge for the retailer - and opinion is divided on how it should progress.
Bolland, part-way through an "induction" period at the company has so far kept his cards close to his chest. He is set to report on his findings this autumn. He will no doubt have plenty to chew over.
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
- Wessanen's move for Spain's Biogran - analysis
- The key questions for digital strategists in 2017
- Unilever 2016 investor day - the top takeaways
- Burger King, Jollibee: foodservice focus, Nov 2016
- Whole Foods, Aldi, M&S - retail round-up, Nov 2016
- Verlinvest, China Resources invest in Oatly
- Hain Celestial appoints Nestle executive as US COO
- General Mills jobs to go in business revamp
- Chobani COO Burns to leave yogurt firm
- Freedom Foods Group nears M&A in Oz, North America
- How Brands Are Making Our Food Healthier
- Confectionery North America (NAFTA) Industry Guide_2016
- Processed Snacks (Savory Snacks) Market in the United States - Outlook to 2020: Market Size, Growth and Forecast Analytics
- Chocolate (Confectionery) Market in Belgium - Outlook to 2020: Market Size, Growth and Forecast Analytics
- Global Dried Processed Food Market 2016-2020