Home / Knowledge / News / Apparel/Garments / Poor interest forces Marks & Spencer to withdraw
Poor interest forces Marks & Spencer to withdraw
Jul '08
Recent announcement shows that Taiwan has not been a positive and lucrative venture for Marks & Spencer (MS).

The leading clothes enterprise from England has decided to close down the three franchise stores it opened just 14 months back in Taiwan.

While one of the outlets is located in Kaohsiung City, the two more are in Taipei.

M&S official said that the three stores were opened on trial basis to explore the Taiwanese market and its opportunities. Since this project has not been promising enough, the Company has decided to retreat.

Experts believe that the major reason for this outcome is the fact that most locals prefer to buy from department stores and malls.

However, the M&S franchise shops and stores in other countries and regions like India, Shanghai and so on are doing good business. The Shanghai franchise shop is the biggest in Asia, covering an area of nearly 4900 square meters.

Still, company is optimistic and hopes to set up an office in Taiwan.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search