Marks & Spencer to stay in PH under new franchise partner — report

Marks & Spencer will stay in the Philippines under a new franchise partner.

According to a report by Inside Retail, a spokesperson from Marks & Spencer (M&S) said the British company remains committed to the Philippines, as it "decided to transition to a new franchise partner to support out ambitious growth plans in the region."

"We look forward to sharing updates on our growth plans in due course," it added in its statement dated February 26.

M&S also recognized the "over 20 years of partnership with Stores Specialists Inc. (SSI)" and expressed gratitude for their partnership. It noted their contract with the Philippine group will end in May. 

Earlier this week, SSI confirmed in its disclosure to the Philippine Stock Exchange that it is shutting down the operations of the British clothing, furniture, and foods brand, with the final day of operations set for May 2, 2026.

According to SSI, the decision “has not been easy” as it thanked loyal customers, employees, and partners for their support over the years.

M&S currently has 13 operational branches nationwide, with its flagship store located at Central Square in Bonifacio Global City.

Apart from M&S, SSI also carries other luxury brands including Hermes, Cartier, Salvatore Ferragamo, Zara, and Alo, to name a few.

GMA News Online has reached out to Marks & Spencer UK to confirm the latest developments and ask for additional details regarding the company’s plans in the Philippines.

We will publish them as soon as we receive word from M&S UK. — LA, GMA Integrated News