M&S names new clothing & home managing director

Marks & Spencer (M&S) has announced that Richard Price, the current ceo of F&F Clothing at Tesco, has been appointed to the role of M&S managing director of clothing & home.

Richard will join M&S next year and a start date will be ‘confirmed in due course’.

Richard first joined M&S in 2005 as head of merchandise and was promoted to menswear trading director in 2008. He previously worked from 1989 to 2005 for Next Retail, where he held merchandising roles across womenswear and menswear.

He left M&S in 2012 to take on the role of managing director of BHS and joined Tesco in his current role in 2015.

Richard explained: “M&S clothing & home is a great business which still has strong brand affection and huge potential. I left the business because I felt it was drifting in the wrong direction but now feel we have a real chance to make it special again. The new team has already started to improve product and value and I’m looking forward to working with them.”

M&S ceo Steve Rowe said: “Richard’s career spans some of the UK’s top clothing brands and he has a proven track record of delivering growth through stylish, great value product. We are building a team of world class talent in clothing & home and, with Richard coming on board, I’m confident that the speed and scale of the transformation of the business will accelerate.”

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