Business

Marks & Spencer plans to expand business in India

British retail major Marks & Spencer plans to open six to eight new stores over the next six months. M&S operates 35 stores under Marks & Spencer Reliance India, which is a joint venture between Marks & Spencer Plc of Britain and Reliance Retail. "We have just opened our 35th store. At the moment, demand is fantastic. While a lot has been written about the slowdown here, we continue to see growth. The base is so small that it can only keep going up. We have not changed our expansion plans here," M&S Reliance India MD Venu .

Nair also stated that 11 stores have been set up in this calender year until now. "In the next six months, we plan to add six-eight more stores. Our 36th store will open soon. And location of the new stores will be in both large and small cities," Nair said without divulging investment details.