New ‘lifelong’ business that closes in Santa Cruz of Tenerife. On this occasion, Marks & Spencerafter 60 years serving the people of Tenerife, the blind is finally down, which is why it is in total liquidation, as they themselves have announced.
“We are forced to close our franchise after 60 years on the Island,” they point out: “We continue to be open in Santa Cruz, Calle del Pilar, until the total liquidation of the stock.”
Through a publication on Facebook, in addition to announcing this liquidation and the consequent drop in prices, they thank the Tenerife public after so many years together: “We want to thank on behalf of the Galloway family and all our staff the trust placed in us by the population during these 60 years of history”.
The Marks & Spencer Icon
Marks & Spencer (also known as M&S) is a British multinational retail company headquartered in Westminster, London. It is listed on the London Stock Exchange and is part of the FTSE 100 index.
It is specialized in the sale of clothing, household products and luxury food products. M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds.
In 1998, Marks & Spencer was the first UK retailer to post a pre-tax profit in excess of £1bn,3 although a sudden drop followed to the surprise of the company itself, its shareholders and business analysts. .
Marks & Spencer has 852 stores in the UK, as well as numerous international stores; 52 stores in India, 48 in Turkey, 37 in Russia, 27 in Greece, 17 in Ireland, 14 in France, 11 in Poland, 1 in Malta, 6 in Hungary and Finland and 5 in Spain.
