Marks & Spencer (M&S) shareholders have urged its new top team to enhance its clothing performance.
The British retailer had recently unveiled its new top management structure that included appointment of Stuart Machin as CEO and Katie Bickerstaffe as co-CEO. This follows current CEO Steve Rowe’s decision to step down in May this year.
Though both Stuart and Katie share a job title, the latter will report to Stuart, who will be responsible for day-to-day management responsibilities.
A big investor, reportedly, told media that although M&S senior management team had made a big impact and it was important to retain them, it is important that Katie and Richard Price (MD, Clothing and Home) enhance fashion sales.
Last week, M&S had also announced to make strategic investment in activewear platform The Sports Edit.
Also Read: British retail stalwart M&S invests in activewear platform The Sports Edit
Founded in 1884, M&S generated £10,181.9 million in 2020.
