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M&S Boss Sells £606,000 in Shares
18 Feb
Summary
- Marks & Spencer's CEO sold 150,000 shares worth £606,000.
- The sale occurred as the retailer achieves a successful turnaround.
- Machin expressed confidence, stating the worst is behind M&S.
Marks & Spencer CEO Stuart Machin recently sold a significant portion of his holdings, divesting 150,000 shares valued at £606,000. Each share was sold for £4.04. This transaction occurs at a pivotal time for the retailer, which has been experiencing a successful turnaround.
Machin, who has been instrumental in revitalizing the high-street chain alongside chairman Archie Norman, has previously declared that the company has overcome its most difficult period. He expressed optimism last month, stating that M&S is entering 2026 "full of ambition and laser-focused on our plan to reshape M&S for further growth."
Under Machin's tenure, M&S has seen a notable resurgence in its clothing lines, which had previously struggled. Concurrently, the company's food sales have maintained robust performance, contributing to the overall positive momentum.
