Marks & Spencer has bolstered its board with two new non-executive directors ahead of crunch results this week in which it is expected to reveal plans to close more stores.
Katie Bickerstaffe, formerly UK and Ireland boss of electricals seller Dixons Carphone, and Pip McCrostie, who previously led accounting giant EY’s corporate finance business, will join the retailer as it battles to reverse a long-term decline in clothes sales.
Analysts expect M&S to report a 7% slump in pre-tax profits to £573m on Wednesday, raising fears it could fall out of the blue chip FTSE 100 index.
