What: Marks & Spencer is aiming to become a global brand, as stated by its chairman, Archie Norman.

Why it is important: This strategic approach follows the company's previous unsuccessful venture into overseas markets, which led to the exit from around 10 countries in 2016.

This aspiration follows the company's ongoing turnaround phase, which has shown promising results, including a pre-tax profit increase to GBP 360.2 million in the first half of 2023. International sales have surged by 11%, reaching GBP 1.1 billion, with a considerable portion coming from the Republic of Ireland.

The demand for Marks & Spencer's products in India and Europe is robust, driven by partnerships with retailers and aided by a recently established distribution center in Croatia.

Marks & Spencer eyeing international expansion, according to chairman