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strategic analysis of Marks & Spencer PLC

Member rating: 6 out of 10 stars (1 vote) | Words: 3000 | Submitted: Tue Dec 18 2007

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Marks and Spencer PLC Company Structure Marks and Spencer PLC is one of the UK's leading retailers of clothes, food, home products and financial services, with over 375 stores. In addition, the company has 155 stores managed under franchise in 28 territories, mostly in Europe, the Middle East, Asia and the Far East, as well as stores in the Republic of Ireland and nine wholly owned stores in Hong Kong. It also owns the US supermarket group Kings Super Markets. Current and Future Developments In July 2004, Marks and Spencer became the subject of a £9.1bn takeover bid by the billionaire retailer Philip Green. However, Green withdrew his bid after failing to win sufficient support from shareholders. Green had hoped that investors would use Marks and Spencer's annual meeting in mid-July to voice support for his offer. Instead, they gave their backing to the current board and chief executive. As part of its...

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