M&S has former Next fashion boss in its sites, report says

Marks & Spencer has reportedly approached the former boss of Next in its hunt to turn around its fashion retail fortunes, according to a report.

The report by Sky News claimed that Christos Angelides has been shortlisted as a candidate to spearhead M&S’s efforts to turn around its clothing division.

Angelides resigned from Next in 2014 after completing its transformation and later joined Abercrombie & Fitch.

Story continues below

The report also noted that Jo Jenkins, the highly regarded head of M&S’s womenswear arm, is another potential candidate.

M&S has appointed former Next executives to senior roles before, notably Mark and Neal Lindsey to improve is supply chain.

Christmas trading figures released by the retailer showed M&S performed better than had been expected.

In contrast, Next warned its profits would be dented by factors including a decline in consumer confidence, the Apprenticeship Levy and National Living Wage.

M&S declined to comment to Sky on its search for a new clothing boss on Saturday.



Related posts