CHINA/UK: M&S looks again at China
British high street food and clothing retailer Marks and Spencer (M&S) may be once again considering opening stores in China, according to executive director of retail Mark McKeon.
If it does it is expected that M&S would look to franchise in the PRC, the mode of operation it currently uses in Hong Kong.
However, sorting out the group's core UK business remains the priority - M&S recently fought off a takeover bid from retail tycoon Philip Green and is planning to reduce it clothing ranges and revamp stores. M&S has interests in 155 outlets in 26 countries.
Companies: Marks and Spencer
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