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Marc Bolland bows to the inevitable
Marc Bolland bows to the inevitable

Marks & Spencer CEO Marc Bolland hung on for two years longer than I predicted. Interviewed by Jeff Randall on Sky News in July 2013, I asserted that the Dutchman would exit M&S by spring 2014.DSC02013

By then he had overseen eight consecutive seasons of decline in fashion sales. Since then there have been another seven quarters of decline and only one that showed a tiny increase. DSC02012

His successor Steve Rowe, an M&S lifer of 25 years, has his work cut out. Good luck to him.

(PS Apologies for the poor quality of the clip).

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