ARN News Centre

Marks & Spencer Chief Executive to retire in April

Thursday, 7 January 2016 11:45

Marks & Spenser’s CEO Marc Bolland will retire in April after six years in the role. The British retailer announced that he will be succeeded by Steve Rowe, the current head of its non-food business. Bolland will remain CEO and on the board until the end of the current financial year on April 2 2016. The news comes after M&S reported poor trading in its general merchandise division which covers clothes, shoes and homewares. Like-for-like sales were down 5.8% in the third quarter which covers the key Christmas period.

More from Business

Dubai sets new rules to regulate petroleum trading

Dubai has introduced new regulations related to the trading of petroleum products across the emirate.
DXB set for a strong year-end travel peak with 10 million guests expected

Dubai International (DXB) is preparing for a strong year-end travel wave, with forecasts indicating over 10 million travellers set to pass through the airport from November 27 to December 31.
Australian delivery workers set to gain minimum pay in landmark deal

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.
Dubai Airshow 2025 attracts over AED741.8 billion in deals

The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.
Sheikh Hamdan, Sheikh Theyab attend EGA’s 50th anniversary celebration

Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.