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Magazines Archives - 2007 June
Marks & Spencer makes returns to Taipei after survey
Story 6
UK retailer Marks & Spencer has returned to Taiwan with the opening of an outlet in Dream Mall, reported to be the regions largest, in the southern port city of Kaohsiung last month.
For this, the company has set up Marks & Spencer (Taiwan) Corp in joint venture with President Chain Store Corporation. The UK retailer owns 60% of the venture, with the remaining stake going to its Taiwanese partner.
Marks & Spencer, which left the Taiwanese market in 2001, only decided to return to the island this year after a year-long market survey was done, said Stephen Walters, manager for Marks & Spencer (Taiwan) Corp.
Marks & Spencer (Taiwan) Corp intends to set up two more stores in Taipei by year-end.
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