Rose confronts shareholders
Stuart Rose faced his toughest task to date as Marks & Spencers' shareholders voted on whether to accept the£4 a share offer from retail entrepreneur extraordinaire Philip Green. Rose swayed them with a radical strategy which did away with many of the bold projects of his predecessors, in favour of a back-to-basics approach to retailing. It remains to be seen in the coming year, whether the reforms he put in place will actually kickstart the turnaround Rose promised. Philip Green has the option of mounting a new bid for the retailer in the spring.

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