Marks and Spencer (M&S) has criticised reports that it is cutting hundreds of jobs at its London head office as “simply inaccurate”.
This follows a report by The Sunday Times, which claimed the ominichannel retailer is expected to drastically downsize its head office as part of a raft of reforms introduced by chairman Archie Norman.
According to the report, hundreds of jobs are due to be affected.
However, an M&S spokesperson told InternetRetailing that the figure was “simply inaccurate”.
They said: “As previously reported in October, we have said the lease on our London office ends in 2028 and that is a sensible time to think about the amount of space we have in London vs elsewhere.”
The news comes as in 2020, the retailer cut 950 head-office jobs from its 7,000 workforce, about 9% of it workforce.
Recently, M&S also announced it will be expanding its ‘Brands at M&S’ banner with a major push resulting in more high street brands being sold alongside its own range.
As a result, the retailer is set to expand the number of third-party brands it sells from 60 to 100, in a bid to entice customers away from rivals John Lewis and Next.
M&S has been ranked as a Leading retailer in RXUK’s 2023 Top500 report.
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