M&S hires new clothing chief

APPOINTMENT: Marks & Spencer has hired Tesco’s F&F clothing boss Richard Price as the new managing director to turn around the fortunes of its embattled clothing and home division.

The retail giant said Mr Price will take on the role in 2020. M&S chief executive Steve Rowe had taken over management of the clothing and home division since former managing director, Jill McDonald, left in the summer.