Its been around 10 years that the famous continental retail brand, Marks and Spencers, fondly called as M&S has withdrew itself from the fashion hub, Paris. However, as per the reports by La Tribune newspaper, M&S is set to re enter the French market with store at Champs-Elysees in Paris. The store is currently run as an outlet for Espirit and the staff at the retail outlet, who is listed on the Hongkong Stock Exchange has been approved of the change. The staff at the outlet is already informed of the change in the brand which goes on floor by the end of this year.
M&S is contemplating its overseas growth and sees its expansion other than UK a step in this direction for its further growth. It has set a target of sales from these international assignments, between £800m and £1 billion within the span of next four years. As stated by Mark Bolland, chief executive, M&S, that they wanted to grow themselves from an image of UK retailer to a more international brand and thus lessen their dependency on the UK economics.M&S has been one of the best UK retail brands with 337 stores. With Marks and Spencer vouchers, one can gain additional discounts for their products and thus save a lot. Voucherkings lets you key in the code on these Marks and Spencer voucher codes and you can redeem your coupon to make the most of your purchase.
As per latest reports by The Sunday Telegraph, the famous retailer is in talks and on a lookout for opportunities around the continents and thus enter and thus make its re-entry in the European Market again after the massive blunder in March 2001 whereby it announced its withdrawal from all the 38 stores in the Continental Stores and leaving around 3,350 individuals unemployed.
Marks and Spencer rekindle the magic at Paris
