Stuart Machin in the news after M&S cyberattack hit online sales; CEO of Marks & Spencer Group plc, long-time retail executive.
Retailers in the UK, especially in London, report a sharp increase in shoplifting, violence, and anti-social behaviour. Major stores like M&S demand stronger police response and government intervention amid violent incidents linked to social media trends. Authorities are working to clamp down on online content promoting violence.
Retailers and economists are scrutinising a Treasury idea to cap prices on staples. M&S's Stuart Machin dismisses the concept as preposterous, arguing it could distort markets and hurt supply. Ministers say any plan is not mandatory and will focus on keeping costs down for households amid high inflation.