MARKS & SPENCER TO EXPAND INDIA OPERATIONS
December 1st, 2009
BY RAGHAVENDRA VERMA
MARKS & Spencer is planning to expand its garment retail business in India with 50 new stores and a wider range of products. Presently there are only 14 stores in seven cities operated by a US$47 million joint venture with India's Reliance Retail, where M&S holds a maximum permissible equity stake of 51%. Nandini Sethuraman, head of marketing for Marks & Spencer Reliance India Pvt Ltd said: "The potential [in India] is huge with bigger M&S stores and a better brand experience," report Indian newspapers.
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MARKS & Spencer is planning to expand its garment retail business in India with 50 new stores and a wider range of products. Presently there are only 14 stores in seven cities operated by a US$47 million joint venture with India's Reliance Retail, where M&S holds a maximum permissible equity stake of 51%. Nandini Sethuraman, head of marketing for Marks & Spencer Reliance India Pvt Ltd said: "The potential [in India] is huge with bigger M&S stores and a better brand experience," report Indian newspapers.
ENDS
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