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During his tenure the company continued to grow strongly until it reached its peak in 1997 and 1998 when it was second most profitable retailer in the world after Wal-Mart.
The company began in 1884 when Russian Refugee Michael Marks opened a market stall in Kirk gate market, Leeds. In 1894, Marks met and formed a partnership with Tom Spencer. It grows from a market stall to a clothing store in the first year of the 20th century.
Marks and Spencer registered as private Ltd Company in 1903. In 1930, the flagship marble arch store was opened and in 1948, Marks and Spencer opened the first self-service store, in London's wood green...
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