The John Lewis Partnership hit the headlines this week with the news that Dame Sharon White, the chair, would not be seeking a second term. This makes her term as chair the shortest in John Lewis’s history since her predecessors each served between 13 and 26 years.
Having spent an embarrassing four years in the wilderness, out of the FTSE 100, investors and consumers alike were delighted to see Mark & Spencer return to the ‘topflight’ this month.
Today’s full year results from M&S – I still prefer to call the brand St Michael’s – suggests that the UK’S most celebrated retail operation is no longer in remission and has finally shown signs of rising like the ‘Phoenix from the Ashes’ after spending more than a decade in the ‘doldrums.’
When former Marks & Spencer boss Sir Richard Greenbury delivered a record billion pounds of profit in 1997, he and his fellow executives enjoyed the trappings