M&S to bring Brooks Bros fashion to Britain
Wednesday 15 September 1999
M&S is also looking at making Brooks Brothers' classic "preppy" clothing available via home shopping in Britain. Customers would be able to order via catalogues or the Internet.
The comments came as M&S confirmed plans to put its Kings supermarket business in the US up for sale in a deal that could net pounds 120m. Guy McCracken, managing director of M&S's international business, said: "M&S is determined to develop a successful international business. The decision to retain Brooks Brothers clearly signals our intention to further develop this important part of our international portfolio." M&S, which is still attempting to bounce back from a severe profits slump, is not putting any timescale on its plans to bring Brooks to Britain. Robert Colvill, finance director, would only say: "We would expect to bring Brooks to the UK before too long."
However, there are no immediate plans to sell the more classic, upmarket Brooks Brothers styles in UK branches of Marks & Spencer.
Brooks Brothers operates 148 stores in the US with a further 71 stores in Japan, and six franchise stores in Hong Kong and Taiwan. It recorded profits of pounds 12.4m last year on sales of pounds 345m.
Some analysts criticised the timing of the decision to expand Brooks, saying M&S should concentrate on developing the business in its main US market first. There have been suggestions that M&S halted investment in Brooks earlier this year due its problems in the UK market.
- 1 Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
- 2 'Do not give them a reason': Baltimore man divides police and rioters in hope of avoiding violence
- 3 X Factor in crisis as numbers of people auditioning plummets
- 4 Baltimore riots: Furious mother marches her son home live on TV
- 5 General Election 2015: Stephen Hawking says he will vote Labour
General Election 2015: Tories sack candidate who said she would never support 'the Jew' Ed Miliband
Bali Nine executions: Indonesia confirms killings of Andrew Chan and Myuran Sukumaran will go ahead
The four utterly contradictory polls that tell the story of this election and why it is pointless trying to predict the outcome
General Election 2015: Prospect of Labour-SNP coalition makes one in four voters less likely to support Ed Miliband, says survey
Baltimore riots: Furious mother marches her son home live on TV
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
EU exit would hit UK economy much harder than neighbouring countries, study finds
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
iJobs Money & Business
£Basic (OTE) + Uncapped Commission: Guru Careers: A Stockbroker (qualified / p...
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...