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In 1998, the company became the first British retailer to make a pre-tax profit of over £1 billion,although subsequently it went into a sudden slump, which took the company, its shareholders, who included hundreds of thousands of small investors, and nearly all retail analysts and business journalists, by surprise. In November 2009, it was announced that Marc Bolland, formerly ofMorrison’s, would take over as chief executive from executive chairman Stuart Rosein early 2010; Rose remained in the role of non-executive chairman until he was replaced by Robert Swannell in January 2011.

M&S have 852 stores throughout the UK, as well as many international stores; 52 stores in India, 48 stores inTurkey, 37 in Russia, 27 in Greece, 17 in Ireland, 14 in France, 11 in Poland, 6 in Hungary and Finlandand, 5 in Spain.

In recent years its clothing sales have fallen whilst food sales have increased after the axing of “St. Michael’s” naming for their own brand.