Franchises. The Group’s franchise operations are central to M&S’ international plans. Franchise partners account for 35% of International sales. In FY12, M&S opened 24 new stores with its 18 global franchise partners.
o With partner Fiba, M&S opened eight new Russian stores in FY12, expanding in key locations such as Moscow and new cities including Kazan.
o With Al-Futtaim, M&S grew its Middle East presence – opening five stores in FY12 including a second store in Cairo, Egypt and three in the UAE.