Marks and Spencer
Greenbury's stay at Lilywhite’s was short lived. He later accepted a management trainee position at Marks and Spencer, who fortunately did not require A-levels for their programme. His hard work was soon recognized by Simon, Lord Marks, and he was taken under the wing of the founding father’s son. Mark's dubbed Greenbury “Big Fellah”, and soon moved him to head office as a trainee merchandiser and personal assistant to his son in law.
It was in men’s knitwear where Greenbury made his name in the early 1960s, shortly after his marriage to first wife Siân Hughes (1959). As noted by Marks, ‘Rick’ as he soon became known, was a retailer through and through. Spotting the trend towards casual menswear Greenbury formed a strong friendship with Harry Djanogoly, who ran the knitwear company Nottingham Manufacturing, and transformed the then unknown aisle in every Marks and Spencer store into a profits power house for the company. This reputedly got Djanogoly his KBE and Greenbury his promotion.
By 1972, Greenbury had been made the youngest director in the company’s history, only twenty years after being welcomed by the business. Then, at the age of forty-one, Greenbury was made a managing director, and by 1978 he had worked in every area of the business; including food, property, and, of course, clothing. In 1984, shortly after becoming chairman, Derek Rayner decided it was time to outline his immediate successor, and, in 1988, Greenbury took his place as chief executive. In 1991, he was promoted again, becoming executive chairman, in keeping with Marks and Spencer's business traditions.
Despite later criticism, when the company smashed the £1 billion profit barrier in 1997, the City sang Greenbury's praises; although the impact of his tenure became the subject of intrigue in the aftermath of the downturn. For every year that Greenbury was in charge, Marks and Spencer held more than twice the clothing market of any other high street name, and even after the crash, and Greenbury's departure, they remained the only retailer holding over 10% of the market.
Read more about this topic: Richard Greenbury
Other articles related to "marks, marks and spencer":
... Within the framework of administrative divisions, Marks serves as the administrative center of Marksovsky District, even though it is not a part of it ... As an administrative division, it is incorporated separately as Marks Town Under Oblast Jurisdiction—an administrative unit with the status equal to that of the ... As a municipal division, Marks Town Under Oblast Jurisdiction is incorporated within Marksovsky Municipal District as Marks Urban Settlement ...
... Solomon is also remembered for improving employee conditions at Marks Spencer stores in the UK, which had a profound impact on later government policy ... In 1939, over dinner with Simon Marks, the son of a founder of Marks Spencer, she complained to him about the company's salary policies ... She said to Marks, "It's firms like Marks Spencer that give Jews a bad name" ...
... to use materials such as sand, chalk or talc to make marks on the surface ... like tennis balls cut in half to provide for necessary temporary marks ... Marks made using adhesive tape or duct tape might give the best adhesion, but those marks also leave a residue if they are not removed quickly ...
Famous quotes containing the words spencer and/or marks:
“Anyone can see that to write Uncle Toms Cabin on the knee in the kitchen, with constant calls to cooking and other details of housework to punctuate the paragraphs, was a more difficult achievement than to write it at leisure in a quiet room.”
—Anna Garlin Spencer (18511931)
“Modernity exists in the form of a desire to wipe out whatever came earlier, in the hope of reaching at least a point that could be called a true present, a point of origin that marks a new departure.”
—Paul De Man (19191983)