Marks & Spencer has agreed a new contract with Neal and Mark Lindsey, who the retailer brought out of retirement to help overhaul its sourcing.
The Lindsey brothers have signed a new three-year deal as the retailer’s sourcing directors, having previously agreed a deal of the same length in 2014 that was rumoured to be worth millions of pounds a year.
Marks & Spencer boss Steve Rowe confirmed the deal in a memo to staff earlier today.
It comes as Rowe’s plans to revive the clothing division gather pace after surprise growth over Christmas following a long period of decline.
The Lindsey brothers entered the rag trade in the 1960s when they worked at their uncle’s menswear store in Golders Green on Saturdays and school holidays.
They are best known within the industry for helping M&S rival Next become a more profitable business than M&S by improving the way Next bought its clothing.
The Lindsey brothers were initially hired by former M&S boss Marc Bolland, but Rowe has chosen to extend their contract as part of his vow to make improving the company’s clothing performance his “number one priority”.