With Marks and Spencer's CEO Marc Bolland bowing out, odds shorten on the City's retail boss departures

Edith Hancock
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Marc Bolland was the first CEO to leave this year (Source: Getty)

So M&S boss Marc Bolland has finally stepped down, after years of pressure – but who thought his departure would be revealed just seven days into the New Year?

At the very start of this week The Capitalist brought you odds on The 2016 Sack Race, including the 4/5 that was available on Marks’ Dutch boss leaving his post this year.

He announced yesterday that he’ll be leaving the role in April. Ladbrokes says it has never seen a boss step down so soon after releasing its start-of-the-year sack race odds.

So, how many punters managed to cash in on the departure?

According to the bookmaker, the resignation was announced so suddenly that only one bidder had time to put a tenner on him.

And now Ladbrokes has come back to The Capitalist with even shorter odds on the Square Mile’s retail bosses.

Dave Forsey, the Sports Direct chief who’s had a tough year of legal battles and public tiffs over the firm’s use of zero-hour contracts, now stands at 6/4 to get replaced this year.

Meanwhile, we’ve had a late and surprising entry into the CEO Sack Race; Next boss Lord Wolfson. After blaming a mild December for the firm’s disappointing performance over Christmas, the star chief exec is 10/1 to leave.

City psychic Mark Kleinman should place some bets. He was spot on in yesterday’s City A.M. after predicting that Tracey McDermott wouldn’t get the top job at the FCA, despite being acting chief since September. Good call.

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