Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Nov, 28 2015

India a priority market for Marks & Spencer

Marks & Spencer, a British retail brand that entered Indian in 2001 as a franchise business, sees India as a key international market for growing its presence.

Marks & Spencer, a British retail brand that entered Indian in 2001 as a franchise business, sees India as a key international market for growing its presence.

The brand recently made a landmark by opening its 50th store in Jaipur. India now has the largest number of Marks & Spencer stores outside of the UK. In 2008, Marks & Spencer signed a joint venture with Reliance Retail. The brand has a mix of ownership model across its international business; including franchise, wholly owned and joint venture.

Patrick Bousquet Chavanne, Executive Director, Marketing & International, M&S said, “India is a key market for Marks & Spencer, where we are growing in scale and relevance. Sustainable economic development, a burgeoning middle class and an instinctive understanding of the M&S brand makes India a fertile market for continued expansion.”

Sharing a word on the expansion plans for India, the brand informed TFW in an exclusive interaction, “As one of our priority international markets we are continuing to expand our presence in India, including opening 12 new stores in the last financial year. We are focusing on building a leadership position in India by opening a cluster of supporting stores around flagship store locations in tier I cities such a Delhi, Mumbai and Hyderabad. Our plans also include expanding into attractive secondary cities and entering new tier II cities such as Vijaywada, Jalandhar and Vizag. Our strategy for expansion includes increasing our reach across India which we have done recently by going online via India's leading marketplaces Myntra and Flipkart for the first time.”

Comment
Related opportunities
  • About PREXAM”& “MyClassAdmin”PREXAM is web-based software for online objective tests ..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Clinics & Nursing Homes
    About:Hair Doc Clinic is an ISO 9001:2008 certified hair clinic..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 300 - 600 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Payment Solution services
    Business DetailsBecome part of Digital India Drive! Start your own..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South West Delhi New Delhi
  • Art, Craft, Antique & Framing
    About:Navrang is a handmade-centric venture of Navcraft Handlooms Pvt. Ltd..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 600 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities