Marks & Spencer
Marks and Spencer plc (also known as M&S; colloquially known as Marks and Sparks, Marks's or, simply, Marks) is a major British retailer headquartered in the City of Westminster, London, with 703 stores in the United Kingdom and 361 stores spread across more than 40 countries. It specialises in the selling of clothing and luxury food products. M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds.
In 1998, it became the first British retailer to make a pre-tax profit of over £1 billion, though a few years later it plunged into a crisis which lasted for several years. In November 2009, it was announced that Marc Bolland, formerly of Morrisons, would take over as chief executive from Executive Chairman Stuart Rose in early 2010; Rose remained in the role of non-executive Chairman until he was replaced by Robert Swannell in January 2011.
It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Read more about Marks & Spencer: History, Financial Performance, New Store Format, Product Line History, Senior Management
Famous quotes containing the words marks and/or spencer:
“The legislator must be in advance of his age.
Across the mind of the statesman flash ever and anon the brilliant, though partial, intimations of future events.... Something which is more than fore-sight and less than prophetic knowledge marks the statesman a peculiar being among his contemporaries.”
—Woodrow Wilson (1856–1924)
“Can a woman become a genius of the first class? Nobody can know unless women in general shall have equal opportunity with men in education, in vocational choice, and in social welcome of their best intellectual work for a number of generations.”
—Anna Garlin Spencer (1851–1931)