PROPERTIES

Barnstaple

Barnstaple

78-79 High Street

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Lowestoft

Lowestoft

82-86 London Road North

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Neath

Neath

21 Green Street & 1/7 Queen Street

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Scarborough

Scarborough

8 Newborough

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Locations

Covenant

Marks and Spencer P.L.C. (00214436) is a major British retailer 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 TRANSFORMING BUSINESS

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 2017, 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, more profitable stores (including the subject property) 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 was creating a joint venture with Ocado, the UK’s leading pure play digital grocer.

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. Its food business has already begun to retake market share.

M&S has recently hired the former boss of Tesco’s Clubcard loyalty scheme, Danielle Papagapiou, in order to develop M&S’s Sparks loyalty scheme, pooling together its customer data and enhancing communication with shoppers to build closer and more personalised relationships.

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. November 2019.

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