Marks & Spencer to stay in PH under new franchise partner

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, as it also recognized "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. 

In a statement sent to GMA News Online on Friday, a spokesperson from Marks & Spencer (M&S) U.K. also said their "objective is to build a trusted global brand by bringing the best of M&S to customers around the world."

They also reiterated their committment "to the Philippines and the growth opportunity in the region."

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. — LA, GMA Integrated News