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Marks and Spencer's Ups and Downs

M&S in 2003
First establishment of this company was back in 1880s by Michael Marks. It was known as a most recognized brand on a penny bazaar. As it started to expand and needed a support, it made a partnership with Tom Spencer, and since then Marks & Spencer steadily grew.
Ever since its establishment, appointing of CEOs was always inside the members of the founder's family or a lifetime employee. The first exception was made in 2000 when appointing Luc Vandevalde. In year 2003 the position of and CEO was given to the Roger Holmes, we was firstly made a head of M&S UK retailing, and latter on given this position when the former CEO wanted to withdraw.
Although during all these years Marks& Spencer steadily grew, their success and profits had a lot of ups and downs. There can be discovered a general trend. As it can be seen in Appendix 1 all the profitability ratios have reached their lowest point in 2001 and more or less increased to the......

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Approximate Word Count: 1570
Approximate Pages: 7 (250 words per double-spaced page)

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