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Since then, bosses have moved to implement a “radical” plan to focus more on the food side of the business.
But Sir John, chairman and owner of shoe repair chain Timpson, previously stated he believed the “decline” was inevitable.
He said: “In the Seventies, M&S had the perfect unique selling point – it was the UK’s best retailer.
“We admired its quality, service, supplier relations, employee engagement and management training.
Marks and Spencer s switched to foreign suppliers (Image: GETTY)
The company was founded more than 130 years ago (Image: GETTY)
“It was the shopkeeper that we all followed, but M&S was never going to remain top dog forever.
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