Marks and Spencer Group plc

Company Description

Marks and Spencer Group PLC, often abbreviated as M&S, is a leading retailer that specializes in selling clothing, home products, and luxury food products mostly of its own label. Founded in 1884, M&S now operates more than 900 stores primarily in the UK and Ireland. M&S is also involved in a number of other businesses, including financial services, renewable energy services, real estate development, and export to Europe, the Middle East, and Asia.

Detailed Description

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and ‘Food on the Move' products. It also provides womenswear, menswear, lingerie, kids wear, and home products; and financial services, including credit cards, payment solutions, insurances, and mortgages, as well as renewable energy services. In addition, the company invests in and develops real estate properties; and provides its products online. It also exports its products to Europe, the Middle East, and Asia. The company operates 1,509 stores in worldwide. Marks and Spencer Group plc was founded in 1884 and is headquartered in London, the United Kingdom.

Key People

Founder(s): Michael Marks Thomas Spencer

Archie Norman (Chairman) Steve Rowe (Chief Executive)

Financials

Revenue: £9,155.7 million (2021)

Operating income: £(30.7) million (2021)

Net income: £(201.2) million (2021)