M&S director of Asia to leave at end of October September 30, 2013 MARKS & Spencer is to see more changes to its senior management after confirming last night that its Asia regional director is to leave after two years with the company. The high street retail giant said Pascal Martin is to step down at the end of October “to pursue new opportunities outside of the business”. [...]
Management shakeup for M&S as Asia exec leaves September 30, 2013 British retailer Marks & Spencer (M&S) is to see more change to its senior management. Sky News' City editor Mark Kleinman reported that Pascal Martin, the executive responsible for the 120 M&S stores in Asia, is to leave next month, having been with the company only since 2011. His replacement, says Sky, is Bruce Findlay, [...]
Best of the brokers for 12 September 2013 September 11, 2013 ADVANCED MEDICAL SOLUTIONS Numis stuck with its “hold” rating and 84p target for Advanced Medical Solutions, following results yesterday that were in line with estimates. The outlook for Advanced Medical Solutions remains positive with progress expected in the company’s Bulk business and US LiquiBand. MARKS & SPENCER Shore Capital reiterated its “buy” rating for Marks [...]
The real Willy Wonka is as experimental as ever September 10, 2013 Think you love chocolate the most? Elizabeth Fournier meets choc-God Paul A Young IT’S NOT hard to be passionate about chocolate, but Paul A Young takes it to a whole new level. Reviewers and customers alike may wax lyrical about his imaginative creations, which include Marmite brownies and Eccles cake truffles. Get him talking on [...]
Kennedy Wilson and Varde buy UK shopping centres for £250m September 5, 2013 US PROPERTY investment and services firm Kennedy Wilson and debt specialist Varde Partners yesterday agreed to buy a portfolio of eight UK shopping centres out of administration for $388m (£250m). Kennedy Wilson did not disclose which shopping malls they had acquired but said they were spread across England and Scotland and spanned a total of [...]
Best of the brokers for 06 September 2013 September 5, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com LAMPRELL Nomura has cut the oil services group from “neutral” to “reduce” and raised its target from 90p to 140p as part of a wider review of the sector. The broker thinks industry-wide earnings predictions for this year are around 15 per cent [...]
King of the supermarket: The long-serving boss of Sainsbury’s talks shop September 1, 2013 Justin King speaks to Elizabeth Fournier as he nears 10 years at the top of the UK’s third-biggest retailer IT’S not been an easy 2013 for Britain’s supermarkets. From January’s discovery of horsemeat in the UK food chain to the disastrous collapse of a Bangladeshi clothing factory in April, retail bosses have been forced to [...]
Supergroup to launch its first stores in Turkey August 22, 2013 SUPERGROUP, the company behind the Superdry fashion label, is to make its first foray into Turkey after signing a deal with a local franchise partner to open stores in the country. The popular clothing brand, whose celebrity fans include Real Madrid goalkeeper Iker Casillas and singer Ed Sheeran, announced yesterday that it has signed a [...]
M&S’s new ad campaign will struggle to reverse slumping fashion sales August 21, 2013 YOU CAN visualise the meeting at Marks & Spencer’s headquarters when its new campaign, advertising its make-or-break Autumn collection, was finalised. An ad agency suggests the idea of female empowerment and the boardroom battleground. Any actual brand idea is forgotten, as the rolodex spins and agents are called. Actress Helen Mirren, artist Tracey Emin, author [...]
Kate Bostock returns to the high street as Coast boss August 20, 2013 KATE Bostock, former head of general merchandise at Marks & Spencer, is to make a return to the high street next month as chief executive of Coast, the womenswear brand confirmed yesterday. Bostock’s appointment comes just weeks after she stepped down from Asos after a short-lived seven month stint as executive director at the online [...]