The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Marks & Spencer Group Plc said the head of its key womenswear division has left, only three weeks after the U.K. retailer's food head was brought in to run the entire clothing operation.
Frances Russell’s departure follows the promotion of former Next Plc executive Jo Jenkins, who will add the womenswear remit to her existing role as director of lingerie and beauty, Marks & Spencer said in a statement Wednesday.
The exit adds to a period of management flux at London-based Marks & Spencer, which is struggling to stem years of falling fashion sales as younger shoppers switch to U.K. competitors such as Next and budget retailer Primark. General-merchandise boss John Dixon stepped down from his role last month and has been replaced by Steve Rowe.
Russell joined Marks & Spencer in 2008 and had held the position of womenswear head since late 2012. Her departure was first reported late Tuesday by the Financial Times.
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The retailer’s shares fell as much as 1.9 percent to 534.5 pence in London and were down 1.2 percent at 9:19 a.m.
Marks & Spencer’s declining clothing revenue has heaped pressure on Chief Executive Officer Marc Bolland, with 6 percent of shareholders opposing his re-election at last month’s annual general meeting. Last year, sales at M&S’s general-merchandise unit fell 2.5 percent.
By Thomas Buckley; editors: Matthew Boyle, Paul Jarvis, Benedikt Kammel.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
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