Marks & Spencer Group PLC (LSE:MKS)
£ 2.992 0.066 (2.26%) Market Cap: 6.12 Bil Enterprise Value: 8.22 Bil PE Ratio: 14.38 PB Ratio: 2.16 GF Score: 71/100
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Marks and Spencer Group PLC Strategy Update - Capital Markets Event Transcript

Oct 12, 2022 / 10:30AM GMT
Release Date Price: £0.932 (-5.09%)
Stuart B. Machin
Marks and Spencer Group plc - Chief Executive & Director

All right. Good afternoon, everyone. I apologize just a few minutes late. We were waiting for Clive. We were told it was only Marylebone. So he's just getting his chair now. I've been reliably informed by Fraser that this is the biggest turnout in history for an Investor Day. So whether that's true or whether it's just the last few years through the pandemic, I'm not sure. But we'll go with that because we appreciate your time today.

I should remind us that this is part 1 of the Investor Day because as you know from the invite, we sent out this is part 1, an update from Katie and I, the broader leadership team over lunch as well. Part 2 is Stevenage. We have 2 store visits planned that we've invited you to pick 1 or the other. Stevenage on the 23rd of November. And as you probably know by now, Stevenage was a Debenhams store. We converted it to M&S and it's performing above our expectations, and it's the new clothing and food format.

And the other store is London Colney, a store, Maddy Evans, our Head of

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