Knight of Bra’s checks out
So, the man behind one in four of the bras and knickers in the UK has begun his long goodbye. Sir Stuart Rose, the executive chairman of Marks & Spencer, presented his final annual profits last week, after a stint that has, he likes to point out, lasted longer than the second world war.
His end [...]
Marks & Spencer says worst of recession is over
Marks & Spencer chairman Sir Stuart Rose declared today that the UK has come through the deepest ravages of the economic turmoil. Speaking after M&S posted profits of £632.5m for the last financial year, Rose said he was not worried about the UK falling into a double-dip recession.
“Marks & Spencer has had a good year,” [...]
Marks & Spencer shareholders want to reduce Stuart Rose’s pay
Marks & Spencer chairman Sir Stuart Rose may be forced to take a pay cut after angry shareholders demand a reduction in his £1.13m basic salary. The retailer’s remuneration committee could reduce Rose’s salary within two months following consultations with shareholders. But retail analysts suggest Rose could leave M&S earlier than his stated departure deadline [...]
