Marks & Spencer poaches Tesco executive Richard Price to head up its embattled ...

Marks & Spencer poaches Tesco executive Richard Price to head up its embattled clothing and home division Sales at the retail giant's clothing section have slumped by over 5 per cent  Mr Price will return to M&S, which he left 8 years ago over direction differences  CEO Steve Rowe has been personally overseeing M&S clothing in recent months

By Jack Elsom For Mailonline

Published: 15:23 GMT, 22 November 2019 | Updated: 15:30 GMT, 22 November 2019

View
comments

Marks & Spencer has poached Tesco executive Richard Price to revive its flagging clothing arm of the company.

Sales at the retail giant's clothing and homeware section slumped by over 5 per cent in the past six months, prompting a shake-up at the top of the management.

Mr Price, who currently leads Tesco's F&F apparel line, will take the reigns at M&S clothing in the New Year and will be looking to urgently turn around the business's woeful recent performance to stop it dipping even further into the red.

His appointment marks a full circle in a long retail career as, until eight years ago, Mr Price was M&S' menswear director.  

Marks & Spencer has poached Tesco executive Richard Price (middle, at at a meeting convened by the International Sustainability Unit in 2017) to revive its flagging clothing arm of the company

Marks & Spencer has poached Tesco executive Richard Price (middle, at at a meeting convened by the International Sustainability Unit in 2017) to revive its flagging clothing arm of the company

Sales at the retail giant's clothing and homeware section (Oxford Street store pictured) slumped by over 5 per cent in the past six months, prompting a shake-up at the top of the management

Sales at the retail giant's clothing and homeware section (Oxford Street store pictured) slumped by over 5 per cent in the past six months, prompting a shake-up at the top of the management

M&S chief executive Steve Rowe has been personally overseeing

read more from dailymail.....

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT Former Belgian-Nicaraguan political prisoner calls for probe into Ortega government