Marks and Spencer, the high street retail giant, has raised eyebrows by poaching a well thought of House of Fraser executive.
According to the Financial Times, Stephanie Chen, who has been in charge of womenswear at HoF, moves to become director of homeware and childrenswear at M&S.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
These are the first big appointments by the group's new head of General Merchandise, John Dixon, since he succeeded Kate Bostock in July.
Before her time at House of Fraser Chen worked at Debenhams.
Scott Fyfe is a protege of Sir Stuart Rose, the long serving Chief Executive of Marks between 2004 and 2010.
BS
-
Reeves ‘looks at minimum UK shareholding' in ISA reformOn top of a rumoured £10,000 cash ISA limit, chancellor Rachel Reeves is reportedly considering adding a minimum UK shareholding requirement to the stocks and shares ISA
-
Rightmove: Asking prices rise by 0.3%, but increase is lower than typical for OctoberOctober saw asking prices grow by £1,165 on average, Rightmove says, but the increase is far below the usual autumn bump as the property market braces for next month’s Budget.
