Home / Knowledge / News / Apparel/Garments / Entrepreneurs make world go faster to a better place - Sir Stuart Rose
Entrepreneurs make world go faster to a better place - Sir Stuart Rose
25
Feb '10
The forthcoming General Election was the most important since 1979, Sir Stuart told FPA members at Foreign Press Association-organized Retail in the world economy event.

Some very difficult decisions were coming, and everyone knew that more radical action, including increases in tax, would be needed from a new Government. Overall he thought the prospect was for very flat growth, not a “double dip”.

Sir Stuart said M&S was now in good shape, had come through the recession and was growing its revenues. Part of his job was to look to a future where M&S sold more goods and services under the M&S brand, where new technology - or “clicks and mortar” – made it as easy as possible for customers to get what they wanted, and where the group was expanding overseas.

He wanted to grow revenues overseas from the current 10% to 20% or even 30%. It would be a long journey, but Marks and Spencer would retain its strong ethical stance, focusing on sustainability and driving ethical behaviour down the supply chain. For example, M & S was one of the biggest users of cotton in the world and the company needed to get right down the supply chain to clean up production processes.

Sir Stuart said he was determined that people were treated fairly, paid properly, and worked in well run factories. It had been a “big mistake” to curtail European operations ten years ago; had he been back at M & S by then he would have reversed that decision.

During questions from FPA members, Sir Stuart defended the pay package of the man chosen as his successor as Chief Executive, Marc Bolland, and responded to questions about corporate governance, business action on climate change, changing demographics and market share. Sir Stuart said he would remain as M & S Chairman until the turn of the year, and in the future would like to divide his time between working in a profit and a non-profit organisation – with other entrepreneurs, and probably consumer facing.

Foreign Press Association


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search