Spencer news and archive

M&S exec takes 25 per cent pay cut

Marks and Spencer's chief executive and chairman Sir Stuart Rose will give up his executive role in July and take a 25 per cent pay cut, the company has announced. Sir Stuart will then give up his position as chairman in March 2011 - earlier than initially planned. Marc Bolland - formerly boss of Morrisons - is due to take up the M&S chief...

Fashion

M&S collaborates with Zandra Rhodes

What do you get when you pair one of Britain's most iconic designers with the high street's most prolific retailer? A bold collection that is fashion forward and dare we say innovative when said retailer is Marks & Spencer and the designer is Zandra Rhodes. Hitting stores nationwide on May 7th, M&S today announced the collaboration will see...

Fashion

Analysts expect profit downturn at M&S

Forecasts for Marks & Spencer are being cut by City analysts in expectation that it will have a tougher time than predicted next year. Broker Pali International dumped the retailer just days before it unveils first-half result on November 4th, moving its recommendation back to 'Sell' from 'Neutral' having taken it off its Sell list in October....

Fashion

M&S to hold vote on chairman

Shareholders in Marks & Spencer will stage the biggest revolt in recent City history this week when up to a third of them vote against or abstain from the election of Sir Stuart Rose as executive chairman. The proportion of rebels is unprecedented for a FTSE 100 group. A 5%-10% vote against would normally be regarded as high. Rose will also be...

Fashion

Ad nauseam: M&S Lily Cole ads

Is it just us or are the new M&S ads featuring a glum looking Lily Cole just a little dull? Considering the ongoing press releases the High Street conglomerate churns out regarding revamping, re-styling and re-injecting trend-led fashion into its womenswear, its latest adverts are anything but. Picture Lily Cole in an oversized white shirt worn...

Fashion

M&S and LFW accounce Fashion Amnesty

Marks & Spencer and Oxfam have joined forces with London Fashion Weekend to announce 'The Fashion Amnesty', encouraging LFW visitors to donate their unwanted clothes to raise money for Oxfam. The Fashion Amnesty will take place during London Fashion Weekend on the lawns of the Natural History Museum from 20th – 24th February 2008. The Fashion...

Fashion

Size 0 models cause catwalk frenzy

One of the main backers of London Fashion Week, Marks & Spencer, has rejected calls for restrictions on the size of catwalk models, saying it was for designers to decide the type of models they wanted. With the capital gearing up for an annual week of high fashion and celebrity and the debate raging about whether 'super-thin' models should be...