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Opinion
Andrea Felsted

M&S Is Stuck on a Long, Boring Slog to Recovery

A quick fix through a breakup or split doesn’t look feasible, so there’s nothing left to do but to just grind on with the current strategy.

The argument for a split doesn’t stack up.

The argument for a split doesn’t stack up.

Photographer: Luke MacGregor/Bloomberg

Marks and Spencer Group Plc’s chief executive officer, Steve Rowe, said on Wednesday he was judging the retailer according to its progress through a radical restructuring as much by improvement in profits.

That’s a good thing, because its half-year performance was as mixed as its clothing offering: a sea of typically frumpy cardigans punctuated by outstandingly on-trend dresses.