Marks & Spencer has signed a new franchise agreement and will open its first store in the Philippines at Glorietta, Makati, later this year. This marks the return of a well-known international retailer to the Philippine market, offering Quezon City residents a new shopping destination for quality clothing, food, and home goods that they previously had to travel abroad to enjoy. The store is scheduled to open in Glorietta, Makati, later this year; specific opening date, store hours, and exact product offerings have not yet been officially announced.
Background
Marks & Spencer is a major British multinational retailer specializing in clothing, food, and home products. The brand previously had a presence in the Philippines but exited the market. This new franchise agreement signifies a strategic re-entry to capitalize on the growing retail sector.
Source: GMA News