Brands & Spencer relaunch Europe

In a daring to boost its international growth plan, M & S approached the European retailers on some of the properties he came in 2001 when he closed the entire continental chain re-acquiring.

The retailer is supposed to made openings at Spanish chain El Corte Inglés on taking back some of the nine workshops he sold to the retailer.M & S is also re - gain 18 French stores were also let go in an agreement with the Galeries Lafayette, the retailer fran?ais.Ces stores include the lighthouse on Paris, Boulevard Haussmann, who was first ever European store M & S shop when it opened in 1975.

Strategic approach, is likely to surprise investors and the city could be confirmed next week when new Chief Executive of Marc Bolland, M & S unveils its long-awaited chain review.

In what is still regarded as one of its biggest ever strategic blunders, M & S announced in March 2001 that it would close all 38 of its continental stores at the end of the year as part of a restructuring of the group.The move saw 3 350 jobs go to Europe.

M & S decision has caused uproar amongst European consumers and was greeted with strikes, sit-ins and angry demonstrations by continental staff, including a rally in London.Paris store had his own book of condolence and, when closed, the shop became a symbol of the decrease in global M & s.a. Chairman era ambitions M & S, Luc Vandevelde said the division in place of M & S, which included also the sale of two chains of U.S. operations was "one of the most important in the history of M & S ads."

Executive of retail with knowledge of the situation said that M & S was willing to make amends.

"They approached El Corte Inglés to buy assets .Marc Bolland wants to rebuild quickly geographies", said the Executive.

M & S potential costs of back stores are not connue.En 2001 he sold for a reported nine Spanish stores
€150 m (£ 130 m) .Cependant, the price of trade goods in Europe reached since, despite the recent downturn.

"It all depends on cheque of how big M & S,"said the Executive.""

A second source said: "M & S has been circling back to see where the property was on some of the properties he was released in 2001." ""It is a point of view that society got them in some haste.?

Incumbent Sir Stuart Rose, M & S and its former Executive Director, said in the past he lamented decision chain to leave its European stores.

One observer said: "there is Marc to be very fatty international possibilities." "

European shops M & S exchanged successfully during the 1980s and 1990.En 1997 M & S Continental operation contributed 38 m £ to win, but in 2000, the division was £ 6.1 m loss, and in the first half of 2001 losses extended to £ 10.8 m.

M & S has 320 stores overseas but the vast majority of these stores is managed franchises and has no subsidiary stores in Europe occidentale.La chain has already developed plans for growth in China and India.

M & S refused to comment.


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