Stuart Rose
Stuart Rose
Stuart Alan Ransom Rose, Baron Rose of Monewdenis an English businessman, who was the executive chairman of the British retailer Marks & Spencer. Following the appointment of Marc Bolland in May 2010, Rose stepped down as executive chairman at the end of July 2010 and remained as chairman until early 2011 when he was replaced by Robert Swannell. He was knighted in 2008 for his services to the retail industry, and created a Conservative Life Peer on 17 September 2014,...
NationalityBritish
ProfessionBusinessman
Date of Birth17 March 1949
Three weeks is a long time in retail and there was no humble pie eaten,
Was I the best husband? No. And I regret it.
I'd go mad if I didn't have things to make me laugh.
I was the chief executive once, I've been there. My recommendation to anybody is don't go backwards.
If you wait for customers to tell you that you need to do something, you're too late. Good business leaders should be half a step ahead of what customers want, i.e. they don't actually quite know they want it. That's what innovation's about. With Plan A, we didn't wait for the consumers to tell us.
Most employees want to be involved in a successful business and most employees are happy for people running successful businesses to be paid a reasonable wage and a market rate for it, provided they understand the reason. What they hate most of all is pay for failure.
We face a dilemma because although everybody is better off than they've ever been at any time in our history, we've also got the biggest gap between the rich and the poor that we've ever had, and we've potentially got a planet which is going to go bust any day.
There's no abhorrence about wearing M&S. We just haven't been delighting the girls.
Ultimately, growth is essential for increasing a company's value.
I've been an employee all my life. Would I wish, if I could rewind it, to have gone down a different route? Possibly, but I've had a great time. Anyway I'm not ruling it out; I could still buy a business.
We live in a world where there are a hell of a lot of new inputs that need to be factored in to your business. It used to be just about your employees and your customers. Now there are all the issues about global warming, about sustainability, about ethics and now about gender and the distribution of wealth.
I don't believe in retirement.
I actually think the whole concept of retirement is a bit stupid, so yes, I do want to do something else. There is this strange thing that just because chronologically on a Friday night you have reached a certain age... with all that experience, how can it be that on a Monday morning, you are useless?
We've got a bit of growth a bit earlier than expected.