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
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
