Marks Spencer £100 Shopping Spree
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In 1998, Marks & Spencer (M&S) became the first British retailer to make a pre-tax profit of over £1 billion, though a few years later it plunged into a crisis which lasted for several years. In November 2009, Marks & Spencer was announced that Marc Bolland, formerly of Morrisons, would take over as chief executive from Executive Chairman Stuart Rose in early 2010; Rose remained in the role of non-executive Chairman until he was replaced by Robert Swannell in January 2011.
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