Business clothing giant hires new CEO
Business clothing giant Marks & Spencer PLC has hired a new chief executive in the name of Marc Bolland, who happens to come from rival William Morrison Supermarkets PLC.
The 50-year old Dutchman will be taking over the business effective immediately. Marks & Spencer is a 125-year old department store chains that has expanded to other businesses such as high-end food stores.
The new chief executive will now have his hands full when it comes to challenging the younger shoppers to purchase the store’s products. Marks & Spencer currently has 1,010 stores and last year posted £9.1 billion in revenues.
Bolland has successfully boosted the market share and sales of William Morrisons for the past three years and that experience had caught the eye of Marks & Spencer’s officials. He’s also chosen among the many aspirants due to his marketing experiences, among others.