Report: British retail giant reportedly to become property developer
Marks & Spencer is looking to leverage its real estate holdings.
The retailer is in the early stages of a new initiative to “unlock the development potential” of its land by building new homes and offices and converting the space for other retailers, reported Marketwatch.
Marks & Spencer recently launched a five-year turnaround plan that includes closing underperforming locations, revamping product categories and online investments.
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The retailer is in the early stages of a new initiative to “unlock the development potential” of its land by building new homes and offices and converting the space for other retailers, reported Marketwatch.
Marks & Spencer recently launched a five-year turnaround plan that includes closing underperforming locations, revamping product categories and online investments.
To read more, click here.