Home / Knowledge / News / Apparel/Garments / UK retailer Marks & Spencer to hasten its India expansion
UK retailer Marks & Spencer to hasten its India expansion
14
Dec '12
Marks & Spencer, one of the UK’s leading retailers offering high-quality, great value clothing, will quicken up its India expansion plan, according to a company official.
 
M&S, as it is popularly known, currently has 25 stores in India and its revenue in these stores are growing at double digits, and the company will continue to increase its store count in India, along with Russia, China and some countries in West Asia, as per the company’s 2015 strategy, Jan Heere, M&S International Director told PTI during his visit to India, the Business Standard reported.
 
At present, M&S operates in India through 51:49 joint venture with Reliance Retail Limited, a subsidiary of Reliance Industries.
 
Mr. Heere said M&S plans to open ten new outlets in India over the next six to eight months period. He added that as a part of M&S makeover in the UK, a new concept store would soon be opened in Chennai, which would bring a bit of London for its Indian customers.
 
The expansion in India would be a part of M&S’ £200 million global capital expenditure for 2011-13 period, announced earlier by the company.
 
Founded over 128 years ago, M&S currently has over 730 UK stores and over 380 international stores across Europe, the Middle East and Asia.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search