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M&S: Fashion for Food By: Click to explore our newest AI enabled Analytics. Share
This is the story of the top UK food retailer which chose to be a fashion retailer in India and how it behaved during the COVID-19 crisis.
M&S, owned by Marks & Spencer Group Plc, is a 135-year-old British value for money retailer. Globally, the brand retails own label businesses, including food, clothing & home (C&H) in the UK and 62 international markets through 1,519 stores and 44 websites. Today, M&S is worth £10 billion with the retailer drawing 90 per cent of business from the UK market alone. Despite food being the mainstay of the retailer s business fetching 63 per cent of UK revenue, it sees fashion as a better option for the Indian market.