Bunhill: M&S eyes a site for sore eaters
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE CITY hasn't been over- kind to Sir Richard Greenbury, the no-nonsense chairman of Marks & Spencer, who this Friday faces a mixed reception from the thousand or so M&S shareholders expected to throng the annual general meeting.
Only last week Bill Myers, the outspoken (not to say brave) food retailing analyst at Henderson Crosthwaite, said Sir Richard's handling of the company's results meeting in May was 'a masterpiece of issue avoidance'.
In an investment circular, Mr Myers went on to describe the demeanour of the tennis-playing knight, who was more than a little crotchety that day, as 'almost menacing'.
However, pounds 635,000-a-year Sir Richard may soon have good news for one section of the Square Mile - those who patronise the two overcrowded M&S stores there. The Moorgate shop is a particular problem: sandwiches excellent, queues diabolical. Even Sir Richard says it's an embarrassment.
M&S is said to be eyeing a site on Cheapside at the corner of Queen Street with a view to opening a five-storey store. The site, which would require a change in planning consent, is next to Peter Palumbo's proposed office scheme at 1 Poultry.
Nothing on the dotted line yet, though. 'We're still looking at a number of sites in the City and we haven't signed anything with anybody,' says an adamant M&S spokeswoman.
(Photograph omitted)
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments