Marks & Spencer plans standalone stores in France
Marks & Spencer (M&S) is due to open standalone stores in France, due to products such as British biscuits, jams and ready meals becoming increasingly popular among consumers in Paris.
The main drive for this move is due to “encouraging” sales in the company’s two flagship shops in Paris, which has led to talks with potential franchise partners.
Chief executive of M&S Marc Bolland told investors at a presentation in Istanbul that the retailer plans to “take stock” and “evaluate” its Chinese business.
Commenting on the products that will be stocked, an M&S spokesperson said: “The store will have a similar fresh food offer to our food halls at our two existing French stores, featuring the best of British food, including sandwiches and ready meals.
“This will also include a range of meats, in the same way that our UK Simply Food stores do,” she added.
There has been speculation that M&S will expand its Simply Foods stores further than France, but Bolland stated that Simply Food would be limited to locations in western Europe, where food can be delivered within a day from its British distribution centre.