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M&S eyes Next move in clothing revamp Sky News 4 days ago Getty M&S believes food will account for 70% of its business in future Marks & Spencer (M&S) has approached the architect of Next's transformation into one of Britain's top fashion retailers about a key role at the helm of its perennially struggling clothing division. Quotes in
To read more about online shopping sites for clothes visit shopping fashionthe article -2.27% Sky News has learnt that Christos Angelides is among a small number of candidates who are in the frame to join the top team at M&S under Steve Rowe, its chief executive. Appointing Mr Angelides, who resigned from Next in 2014 to take on the ultimately unsuccessful challenge of turning around Abercrombie & Fitch in the US, would be a coup for Mr Rowe. Insiders said this weekend, however, that several other individuals were also being considered for the post, including Jo Jenkins, the highly regarded head of M&S's womenswear and beauty business. Other external candidates have also been approached, and the chances of Mr Angelides striking a deal to take the role were unclear this weekend. Since leaving Abercrombie & Fitch at the end of 2015, Mr Angelides has joined the board of struggling French Connection - a role he would be obliged to relinquish if he accepted the M&S job. One factor potentially weighing against him joining M&S would be the seniority of the role being offered by Mr Rowe. The former Next executive was a main board director there for more than a decade, and sources questioned whether Mr Rowe's expected decision not to have his clothing chief on M&S's board would allow him to attract a candidate of Mr Angelides' stature. M&S has turned to former Next executives before to fill senior posts, most notably when it hired Mark and Neal Lindsey to spearhead improvements in the efficiency of its supply chain. The brothers are expected to leave in the coming months after driving substantial cost savings for the business.
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