Blog: Sir Stuart takes a swipe at analyst flak
Dean Best | 19 March 2009
Sir Stuart Rose, the executive chairman of UK retailer Marks and Spencer, is one of the most quotable people in business.
And today (19 March) was no exception.
Sir Stuart was the latest retail industry executive to attend the Retail Week Conference 2009 this afternoon where he faced questions on stage from BBC business broadcaster Declan Curry.
There'll be more in-depth coverage from the interview on just-food's pages tomorrow morning but, as a taster, below is Sir Stuart's riposte to criticism earlier this month from Credit Suisse analyst Tony Shiret, which included a call for M&S to sell off its Simply Food stores.
Sir Stuart, however, dismissed the criticism. “Anybody who has got the time on his hands to write a 104-page note on Marks and Spencer is obviously not a very busy man,” Sir Stuart insisted.
“Tony takes himself very seriously. I must confess, I haven't read the note. I'm far too busy.”
The M&S boss then defended the company's recovery over the last five years.
“If anybody seriously thinks that Marks and Spencer in 2009 is the same Marks and Spencer that was there in 2004, they've obviously got a very poor memory,” he said.
“Imagine what that business would be doing now in this very difficult climate, it doesn't bear thinking about. I'm very comfortable with what we're doing and I'm very comfortable with what the business's plans are.”
UK retail's top executives are meeting in London over the next two days to discuss how the sector is performing amid the most turbulent economic conditions for a generation. Tesco, Sainsbury's, Morris...
A new report by the Soil Association has highlighted a lack of healthy lunch options at the cafes of some of the UK's most prestigious visitor attractions....
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
- Nestle India grows with global, digital innovation
- Analysis: Tyson's shrewd investment in Beyond Meat
- How Nestle tackles Indian challenges - interview
- Lamb Weston goes it alone: six things to learn
- Thailand: convenience to continue to thrive
- Mars launches Maltesers in the US
- Bel takes majority stake in MOM Group
- Campbell backs US nutrition start-up Habit
- Mondelez focuses on margins as sales slip
- Nestle's Buitoni to remove GMOs
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Packaged Food: Quarterly Statement Q3 2016
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report