Marks & Spencer Group PLC (OTCPK:MAKSY)
$ 9.87 0.26 (2.71%) Market Cap: 9.70 Bil Enterprise Value: 12.33 Bil PE Ratio: 15.30 PB Ratio: 2.56 GF Score: 71/100
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Marks and Spencer Group PLC Annual Shareholders Meeting Transcript

Jul 03, 2020 / 10:00AM GMT
Archie J. Norman
Marks and Spencer Group plc - Non-Executive Chairman

Good morning, everyone. I'm Archie Norman, and I want to welcome you to the Marks & Spencer 2020 AGM. Obviously this is going to be quite unlike any other AGM we've ever held. I'm sitting here in Waterside House, our support center, where normally there would be 2,000 people buzzing, around hammering away at the computer, buying, selling, arguing, debating. But today, the building is silent. And behind me, you can see the edifice of St. Mary's Hospital, a hospital where during the height of the COVID crisis, the intensive care unit was full of patients and where our colleagues were delivering daily food parcels to support the NHS workers.

I'm wearing my Marks & Spencer suit, in case you're wondering. I'm probably one of the very few people in the country wearing a suit today, and I've got my AGM tie. It's a flamingo tie obviously one of ours. I've checked back and we haven't sold very many ties in the last 3 months and even fewer with flamingos on them. But -- so here we are. And instead of the usual ruckus, AGM we've

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