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M&S veteran closer to top job as he is moved to flagship division

Published Mon, Jul 20, 2015 · 09:50 PM

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London

STEVE Rowe's switch from running Marks & Spencer's food business to heading its general merchandise arm could make or break his chances of succeeding Marc Bolland as chief executive, arguably the most prestigious job in British retail.

Mr Rowe has led the upmarket food division for three years, delivering 23 straight quarters of underlying sales growth and an outperformance of the wider industry, helping M&S post a first rise in profit in four years in 2014-15.

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