Marks & Spencer has announced that Richard Price, currently CEO of F&F clothing, Tesco, has been appointed to the role of managing director, clothing & home. Marks & Spencer is a leading, British multinational retailer with headquarters in Westminster, London, which specialises in selling high quality clothing, home products, and food products.

Price will join the company next year and a start date will be confirmed in due course, the company said in a press release.

“Price’s career spans some of the UK’s top clothing brands and he has a proven track record of delivering growth through stylish, great value product. We are building a team of world class talent in clothing & home and, with Price coming on board, I am confident that the speed and scale of the transformation of the business will accelerate,” Steve Rowe, CEO of the company said.

“Marks & Spencer clothing & home is a great business which still has strong brand affection and huge potential. I left the business because I felt it was drifting in the wrong direction but now feel we have a real chance to make it special again. The new team has already started to improve product and value and I am looking forward to working with them,” Price said.

Fibre2Fashion News Desk (GK)

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