M&S and Morrisons audit

Both Morrisons and Marks & Spencer, substantial UK retailers, have had a chequered recent history. Marks & Spencer has been going since 1884. Once named ‘the nation’s favourite retailer’ the company has scaled many peaks. At one point the company was the UK’s largest retail chain, and it achieved an unprecedented £1 bn profit just two decades ago. For many of its earlier years M&S was dominated by the founding family but as new competitive threats arose, the business has found...