Marks & Spencer launched new showroom in Hyderabad
Marks & Spencer is a major British multinational retailer headquartered in the City of Westminster, London. It specialises in the selling of clothing, home products and luxury food products. M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds. In 1998, the company became the first British retailer to make a pre-tax profit of over £1 billion.
Opening its flagship store close to the IT hub of Hyderabad , Venu Nair, Managing Director of M&S Reliance India, said: “The company has had a fantastic journey in the last six years offering stylish clothing of exceptional quality.” “This is the 10th store in South India. We are planning to add two more in Hyderabad within two months. They are expected to come up in GVK One and Prestige malls,” he added. The company opened its first store in India in 2001 and in April 2008, entered into a joint venture with Reliance Retail. Established in 1884, M&S currently has over 800 stores in the UK and over 460 international outlets across Europe and Asia.