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The BBC reports that Marc Bolland, the new CEO at Marks & Spencer, has pledged to grow the company through the opening of new stores and franchises outside the UK, while streamlining the product offerings currently in stores.

According to the story, “In food, the aim is to become a ‘specialist high-quality retailer’. Key changes will include cutting the range of non-M&S branded foodstuffs - only recently introduced to the stores - from 400 lines to 100.

“These would mainly consist of products which the company itself could not replicate - such as Marmite.

“Mr Bolland said he would be adding another 100 ‘distinctive international brands’ which would be exclusive to M&S.”
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