Marks&Spencer hires former Adidas exec as new chief supply chain officer
The British department stores group has appointed Paul Babbs, who will join the team next spring. The goal is to strengthen the clothing division, which has suffered inventory issues during the last year.
Marks&Spencer boosts its supply chain. The British department stores group has announced the appointment of Paul Babbs, former Adidas, as the new chief supply chain officer, according to The Times.
The new chief supply chain officer will join the company next spring. Babbs previously worked in Adidas, where he held the same position. The executive joined the German sportswear company in 2007, after spending seven years in Kraft Foods. Marks&Spencer aims to strengthen its fashion division after suffering several inventory issues during the last year.
Marks&Spencer has signed Paul Babbs, who led the Adidas supply chain
The group, which employs a thousand people in its clothing division, announced in May that it will close around one hundred stores before 2020, speeding its closure plan scheduled for 2022. At the same time, the group reorganized its fashion team by simplifying its structure and announcing 47 layoffs.
In July, British executive Jill McDonald, head of the clothing and home division, left the company after four years in the position. After his departure, it was the current chief executive officer of the group, Steve Rowe, who took this position. Marks&Spencer reached a revenue of 3 billion euros (3.3 million dollars) in the third quarter of its fiscal year, down 3.9% compared to the same period the previous year.
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