Marks & Spencers news and archive

Marks & Spencer’ lingerie collection, a sell-off in India

Marks & Spencer’s has experienced a 40 percent jump in sales of its lingerie collection in India over financial years 2015 and 2017. As a result, the British retailer is planning to increase the number of its standalone lingerie stores in the country. India is Marks & Spencer’s largest market outside the UK, with 63 other stores in 27 cities...

Apparel

FDI norms in mono brand retail may be amended

Careers_DE@ralphlauren.com In another twist pertaining to FDI norms, sources reported that the Department of Industrial Policy and Promotion (DIPP) is probably mulling to tweak its norms in single-brand retail. Government’s decision to allow up to 100% FDI in single-brand retail last year, attracted firms like Marks & Spencers and Ikea to...