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.
Internal candidate Scott Fyfe will become head of menswear.
Subscribe to 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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
