Marks & Spencer to enter Vietnam

Marks and Spencer

Marks & Spencer to enter Vietnam

Marks & Spencer (M&S), one of the largest British retail clothing and food companies has announced its plan to set foot on Vietnamese market.

M&S is to open a 1200 sqm flagship store at Vincom Center in Dong Khoi, District 1 in Ho Chi Minh City this summer, offering products across womenswear, menswear and lingerie as well as accessories, footwear and sleepwear.

With access to prime locations at key shopping malls across Viet Nam and unrivalled local knowledge, Central Group is the ideal partner for us to open our new stores across the country, said Bruce Findlay, regional director for Asia at Marks & Spencer.

Chief Executive Officer of the Central Group revealed that the purchasing power of a nation with over 90 million people is targeted by retails investors, adding that increases in foreign investment in Viet Nam have promoted economic growth and consumption.

Source VGP

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