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French hired gun slams M&S

THE BOSS of Marks & Spencer in France has condemned the parent British retailer as a 'killer of innovation' and its boss, Belgian Luc Vandevelde, for 'errors of communication'.

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Alain Juillet, the restructuring specialist hired in May to oversee the closure or sale of Marks' 18 French stores, and the transfer or redundancy of their 1,700 staff, did not mince his words when interviewed by French daily Le Figaro.

'Marks & Spencer is a group that is very centralised, very hierarchical and monolithic, which kills innovation,' he said. 'That's the challenge that Luc Vandevelde must take up.'

But Vandevelde, former golden boy of French retail giant Promodes, had 'made errors of communication, that's the least one can say', over the European closure programme and his own bonus package, Juillet said.

Juillet said a short-list of two or three would-be buyers for the French stores will be drawn up at the beginning of October, and he hopes to transfer most staff, saving M&S a £25m redundancy bill.

But with his own short-term contract expiring on 31 March next year, the 58-year-old former boss of chocolate maker Jacobs Suchard France clearly feels free to speak his mind.



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