Marks & Spencer, the British department stores group has appointed Paul Babbs as the new chief supply chain officer. He was formerly associated with Adidas. Marks & Spencer aims to strengthen its fashion division after suffering several inventory issues during the last year.
The group, which employs a thousand people in its clothing division, announced in May that it will close around one hundred stores before 2020, speeding its closure plan scheduled for 2022. At the same time, the group reorganized its fashion team by simplifying its structure and announcing 47 layoffs.
In July, British executive Jill McDonald, head of the clothing and home division, left the company after four years in the position. After his departure, it was the current chief executive officer of the group, Steve Rowe, who took this position. Marks & Spencer reached a revenue of 3 billion euros (3.3 million dollars) in the third quarter of its fiscal year, down 3.9% compared to the same period the previous year.
