M&S to go international (again)

Marks & Spencer is set to go international again – more than 10 years after it closed its unsuccessful continental stores.

The retailer will open 250 new stores around the world including Brussels and Amsterdam. It is looking at Milan, Madrid and Barcelona.

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“We are focusing on flagship stores to deliver brand presence and [to] stand out,” said M&S’s chief executive, Marc Bolland.

“We also see great opportunities in fresh food and lingerie and beauty concepts.”

Bolland said the target was to increase international sales by 25% and profits by 40%, after revealing he thought leaving Europe had been a mistake.


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