All Supermarkets articles – Page 403
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News
M&S pay-offs have cost £3m
It emerged yesterday that the cost of axing the four executive directors at Marks & Spencer has reached £3m through payment of settlement packages.The former chairman Luc Vandevelde received the equivalent of his year’s salary of about...
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Ronson may be eyeing up M&S property
According to The Guardian today, Gerald Ronson is believed to have arranged financial backing to acquire a large slice of Marks & Spencer’s property portfolio.The property tycoon is understood to have been working on the plan to buy...
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Radice to go after M&S shake-up
Vittorio Radice, the former Selfridges boss who developed the Lifestore concept at Marks & Spencer is to leave the company this Friday with a payoff of about £800,000.The executive joined Marks & Spencer in March last year and was recently...
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M&S wraps up Atkins on the go
Marks and Spencer is to introduce a range of ‘low carb’ foods to cater for customers aiming to reduce their carbohydrate intake.It has also introduced an “= low carb” logo for packaging, to flag up low carbohydrate convenience food to fans of...
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M&S poaches from clothing rival Asda
Marks and Spencer has appointed Kate Bostock - currently a product director for Asda's George collection - to take over from Steve Longdon as boss of its womenswear department.Bostock has been product director for the George global brand...
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M&S chairman's contract was challenged before
The Marks and Spencer board was told more than a year and a half ago that non-executive chairman Luc Vandevelde’s £450,000 pay packet and outside concerns would cause problems.Non-executive director Tony Ball, who was then also chief...
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M&S to part company with Vandevelde
Marks & Spencer is parting company with chairman Luc Vandevelde after he said he could no longer devote enough time to the business.The M&S board is understood to have taken action after senior directors and big investors demanded that...
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Uniq buys Minsterley desserts business
Uniq has bought the Minsterley desserts business from Northern Foods for £16.5m.Shropshire-based Minsterley is a manufacturer of own label desserts, which are sold principally under the Marks & Spencer and Asda retailer brands. It also...
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Glisten appoint former M&S boss
Chocolate and sugar-based confectionery maker Glisten has appointed Guy McCracken as a non-executive director.McCracken is a former joint managing director of Marks and Spencer. He is currently chairman of food company Duchy Originals and a...
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Show time for M&S
Marks and Spencer’s fruit and vegetable growers will be taking to the stand this summer during the retailer’s £1m agricultural promotion campaign.Paul Willgoss, head of agriculture, said the seven agricultural shows throughout the UK would...
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Thresher appoints new CEO
Independent drinks retailer, Thresher, has appointed Roger Whiteside as its new chief executive.Whiteside helped set up and lead Ocado, the online grocery service supplied by Waitrose, as well as heading up Marks and Spencer’s food business....
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Positive PR and a pay-off
Steve Crabb offers guidance to employers keen to follow M& S’s Marks and Start initiativeMarks and Spencer may have had some ‘iffy’ financial results recently, but the company shows no signs of slowing up when it comes to...
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Press round-up…ex-Somerfield chief on the move
Former Somerfield chief executive Alan Smith could be in line to head up high street hardware chain Robert Dyas.The Financial Times reported that Change Capital, a private equity firm set up last year by Marks and Spencer chairman Luc...
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Gist on track
Logistics provider Gist said turnover and adjusted operating profit were in line with last year despite the loss of a contract to move general merchandise for Marks and Spencer.For the three months December 31, Gist said operating profit was...
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M&S to open Per Una stores
Marks and Spencer could roll out up to 10 stand-alone stores this year to sell its Per Una women’s fashion range designed by George Davies.Press reports said that the first store is expected to open in London this summer.The reports...
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M&S sales down
Marks and Spencer said group like-for-like sales fell 2.3% over the Christmas period and that clothing director David Norgrove was to step down.For the seven weeks to January 10 were like-for-like food sales edged up 0.5%. M&S said the...
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Pode goes to M&S
Marks and Spencer has headhunted one of Sainsbury’s senior marketing people to become its head of marketing for its food division.Miranda Pode, who will join M&S in January, was head of strategy in Sainsbury’s marketing division and had also...
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Experience to savour
Specialist snacks retailer Julian Graves plans to build its JG Experience format to challenge Marks and Spencer’s Simply Food. Anne Bruce reportsShutts says the company is not afraid of change. In fact it has already been through...
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M&S names Helfgott as King’s successor
Marks and Spencer’s new executive director of food is Maurice Helfgott who replaces Justin King, the newly appointed chief executive of Sainsbury.Helfgott, director of menswear, joined Marks and Spencer in 1988. He has spent much of his...
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White is the colour
Marks and Spencer has announced a new addition to its poultry range.After the successful launch of the Oakham Gold chicken, M&S is introducing Oakham White, a slower growing bird, raised free range and in barns.Labels will carry the...