Marc Bolland does not take the helm at M&S until May, but analysts are already speculating about what he may do.
On Monday, Bernstein’s Luca Solca penned an “open letter” to Bolland containing seven questions for the new boss. They ranged from how the M&S brand can be leveraged in the UK to the future of the food arm.
Solca, who rates M&S market-perform with a target price reduced from 410p to 390p, said: “We remain convinced M&S continues to offer material value creation opportunities and are glad to see that many appropriate ideas are being pursued already as part of the current plan.”
But Solca added: “What is still missing at this point is an element of realism in setting the course and targets for M&S in the medium term,” and “practicality and expediency in combining the need for long-term investment with the necessity of short-term results”.
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