Saturday, September 7, 2019
Business Management - Marks and spencer plc Essay
Business Management - Marks and spencer plc - Essay Example Marks & Spencer (M&S) is a major British retail store chain, founded in 1884. In the year 2008, it was ranked the 43rd largest retailer in the world. M&S was ranked 17 in The Times' "Top 100 Graduate Employers 2008". Apart from selling clothing and food, most of its domestic stores have started expanding into home wares, furniture and technology. The company made a pre-tax profit of about 1 billion pounds, though a few years after that, it sunk into a crisis which lasted for many years. Since the late 1990s M&S has experienced serious business insecurities and has made a lot of attempts to revive its business. In 2004, M&S was in the news of an attempted takeover by Arcadia Group & Bhs boss, Philip Green. A recovery plan was declared involving selling off the financial services business to HSBC Bank plc,.The takeover bid was withdrawn after failing to get adequate backing from shareholders. A lot of reasons could have contributed to it but now we will look at the technological aspect of the company.
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