Andrea Felsted, Columnist

Marks and Spencer Is Getting Mighty Crowded

Archie Norman needs to manage the board, not the business.

May 5, 2017 at 11:00 AM UTC

Updated on

May 5, 2017 at 2:02 PM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

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When Tesco Plc was in crisis, many investors wanted Archie Norman to become its chairman. Instead, he's ended up at another storied but struggling British household name: Marks and Spencer Plc.

M&S isn't in as much of a pickle as Tesco was, but it is striving to revive its clothing business while the consumer environment is about to get tougher as inflation bites.