Marks & Spencer Co-CEO Bickerstaffe to Leave for Board Career [BNN Bloomberg (Canada)]
KINGFISHER PLC S/ADR (KGFHY)
NASDAQ:AMEX Investor Relations:
kingfisher.com/index.asp?pageid=3
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Source: BNN Bloomberg
The UK food, clothing and homewares store chain said Thursday that Bickerstaffe will “pursue her board career.” Sky News had reported Wednesday that she will become a non-executive director of Kingfisher Plc, the owner of home-improvement retailers B&Q in the UK and Castorama in France. M&S shares were down 1.7% in early trading Thursday. They've risen more than 70% since Machin and Bickerstaffe took on their current roles at the retailer in May 2022, replacing former boss Steve Rowe. Their turnaround of Marks & Spencer, a favorite of England's middle-class shoppers, has gained pace after years of failed efforts. The company reported strong holiday sales growth as shoppers splashed out on premium Christmas food and gifts. Read More: Christmas Grocery Sales Soar at Tesco, Marks & Spencer M&S reinstated its dividend toward the end of last year, for the first time since before the pandemic. M&S earned a crucial legal victory last week when a London judge said the UK government
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