Feb 27, 2019 | Food Equipment & Services, News, Retailing
Following press and media speculation, Marks and Spencer Group Plc (M&S) has announced the creation of a 50/50 joint venture with Ocado Group Plc (Ocado) and states it ‘will transform online grocery shopping for UK consumers’. As suggested by FMT yesterday in our...
Feb 26, 2019 | News, Retailing
Marks and Spencer Group PLC has confirmed that it is in discussions with Ocado Group plc regarding a joint venture in the UK retail market, believed to have a potential value of £1.8bn. Shares in both companies jumped following the news, which would give M&S a...
Jan 15, 2019 | News, Retailing
Food retailer, Marks & Spencer has announced the next 17 UK stores proposed for closure as it reshapes its UK store estate. The proposed store closures have been named as: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull,...
Jan 10, 2019 | News, Retailing
Mark and Spencer Group Plc (M&S) saw a “steady performance in difficult markets” in its trading statement for the 13 weeks to 29th December 2018. In food, the retailer saw like-for-like revenue decrease 2.1%. Six months ago M&S started on a journey to...
Dec 12, 2018 | News, Retailing
Marks and Spencer Group plc has announced the appointment of Justin King as a non-executive director with effect from 1st January 2019. King is acknowledged as one of the UK’s most successful retail leaders, having led the revival of J Sainsbury’s as chief executive...
