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M&S to venture into food retailing in India

RBR Staff Writer Published 27 March 2013

British retail major Marks and Spencer (M&S), which operates a joint venture with Reliance Retail, is accelerating its expansion in India with plans to foray into food retailing.

M&S intends to approach the foreign investment promotion board (FIPB) seeking approval to start food retailing as part of the existing single-brand foreign direct investment (FDI).

The move follows India's approval enabling Swedish furniture retailer IKEA to run cafes under the single-brand retail licence.

The British retailer had already started scouting for locations in new malls to roll-out its food business.

M&S is likely to sell only packaged foods such as deli, bakery and salads and products that are 'unique to their stores'.

The retail chain currently operates more than 28 stores, which retail clothes and home products.