Belfast Telegraph

Friday 18 April 2014

13. Marks and Spencer

Head of Ireland: Jonathan Smith

Employment: 2,511

Turnover: £330m (est)

Pre-tax profit: n/a

M&S remains one of the largest and best-known retailers in Northern Ireland, with 18 food and clothing stores across the province.

The third largest of M&S’s more than 600 stores is at Sprucefield in Lisburn.

Marc Bolland, formerly of supermarket Morrison’s, continues as chief executive, a position he took up in May 2010. Robert Swannell became chairman on January 4 this year after Sir Stuart Rose stood down.

Former City banker Swannell was a lead advisor to M&S in the defence against retail tycoon Sir Philip Green’s takeover bid in 2004.

M&S posted £1bn in profits for the first time in a decade in the 12 months to March 2008 but a year later this slumped to £604m as the retail giant bore the brunt of the high street squeeze.

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