Adds element
Adds element
LONDON, Nov 22 (Reuters) – British retailer Marks & Spencer MKS.Lhas appointed the chief government of rival Tesco’s <TSCO.L> F&F clothes division to be the boss of its struggling clothes and residential enterprise, it stated on Friday.
M&S, the most effective recognized names on UK excessive streets, stated Richard Value would re-join the retailer as managing director, clothes and residential subsequent 12 months, on a date to be confirmed.
In July, M&S’ CEO Steve Rowe sacked clothes division head Jill McDonald after publicly criticising power availability, and assumed direct management himself.
Value beforehand labored for M&S from 2005 to 2012. He was head of merchandise, earlier than being promoted to menswear buying and selling director in 2008. He left M&S to turn out to be managing director of BHS and joined Tesco in 2015.
“I left the enterprise as a result of I felt it was drifting within the flawed path however now really feel we have now an actual probability to make it particular once more,” stated Value.
…