Home Retail M&S to expand India operations

    M&S to expand India operations


    British retailer Marks and Spencer, who had recently signed a joint venture with Mukesh Ambani-led Reliance Retail in India, has planned to add around 50 new stores to its existing tally of 14 stores in the country by the next five years.

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    “In addition to the existing 14 franchise stores that we already operate in India, plans are to open around 50 new stores within the next five years,” M&S said while announcing their financial results in the country. The company said the store-opening plan is “an important step towards achieving the goal of establishing M&S as a major retail brand in India.”

    Announcing preliminary results for the year ended March 2008, M&S said its international profits rose by 33 per cent and it added 20 per cent space during the year in international locations.