PROPERTIES

Barnstaple

Barnstaple

78-79 High Street

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Romford

Romford

39-43 South Street

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Scarborough

Scarborough

8 Newborough

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Worthing

Worthing

51-59 Montague Street

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Locations

Covenant

Marks and Spencer PLC (00214436) is a major British retailer listed on the London Stock Exchange and member of the FTSE 100 Index.

Founded in 1884, M&S forms a significant element of the UK’s retail fabric operating across 1,035 stores and employing circa 80,000 people, serving about 32 million customers. The company specialises in the selling of clothes, home products and luxury food under its Foodhall and M&S Simply Food formulae.

The company is rated the highest score of 5A1 by Dun & Bradstreet representing a ‘minimum risk of business failure’.

A POSITIVE OUTLOOK

Having significantly reshaped its management team in 2017-2018, Marks and Spencer continues to embark on a series of transformative changes to reshape the business into a retailer that can remain relevant and iconic in the modern retail environment.

In November, the new CEO Steve Rowe set out a five year plan to “make M&S special again”, the first steps of which are now well underway. Most significantly to date this has involved an acceleration of the store closure programme, to focus on fewer, larger and more profitable stores, with support from the online business, and in turn restart the process towards long term growth.

In setting out their plans for the future, Steve Rowe and the chairman, Archie Norman, were clear in their recognition of the need to strengthen M&S’s food business online. In February 2019 it was announced that M&S were creating a joint venture with Ocado, the UK’s leading pure play digital grocer. Under the JV, M&S has paid £750 million to acquire 50% of Ocado’s UK retail business, to combine the strength of the M&S brand and food quality with Ocado’s established online retailing technology and logistics capability. The new business will offer a strategic route for M&S to unlock growth in its food business, by offering a fast route to a scalable presence in the online grocery market adding to its already loyal customer base of over 12 million M&S Food shoppers and more.

Marks and Spencer

The latest accounts for the year ending April 2017 show:

Marks and Spencer - Accounts

Contacts

For further information please contact:

Becky Hance

020 7344 6841
becky.hance@colliers.com

Hannah Greenland

020 7344 6559
hannah.greenland@colliers.com

James Bryer

020 3758 8261
james.bryer@hpfour.co.uk

Jeremy Roger

020 3758 8262
jeremy.roger@hpfour.co.uk


Colliers International

Colliers International

50 George Street
London W1U 7GA

www.colliersretailcapitalmarkets.com

HP Four

HP Four

128 Wigmore Street
London W1U 3SA

http://www.hpfour.co.uk


Misrepresentation Act
Colliers International and HP Four Investment LLP gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International or HP Four Investment LLP has any authority to make any representation or warranty whatsoever in relation to this property. (May 2019). Colliers International is the licensed trading name of Colliers International Property Advisors UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. May 2019.

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