Marks, Simon
Marks, Simon (1888–1964). Marks was the son of Michael, a Russian Jewish refugee, who began penny bazaars in Leeds market. Born in Leeds, Simon attended Manchester Grammar School, where he formed a lifelong friendship with Israel Sieff, subsequently brother-in-law and business partner. Michael, with Thomas Spencer as partner, expanded the penny bazaars into the clothing and textile retail chain of Marks & Spencer. It was not until after the First World War that Simon consolidated the Marks family control and with Sieff adopted policies to expand the company. They established stores with a distinctive style, emphasizing light and hygienic surroundings, value for money to customers through quality and standard of design, together with a strong policy of welfare for staff. Between the world wars, Marks & Spencer diversified into food. However clothing and textiles remained important and in 1960 the firm supplied 10 per cent of all such purchases in Britain. In the later 1990s however increasing competition, particularly in clothing, caused difficulties and the value of M&S shares fell.
Ian John Ernest Keil
More From encyclopedia.com
Marks And Spencer P.l.c , Michael House
37-67 Baker Street
London W1A 1DN
United Kingdom
(071) 935 4422
Fax: (071) 487 2679
Public Company
Incorporated: 1894
Employees: 75,000… Mark , mark1 / märk/ • n. 1. a small area on a surface having a different color from its surroundings, typically one caused by accident or damage: the blow… Service Mark , SERVICE MARK
Atrademarkthat is used in connection with services.
Businesses use service marks to identify their services and distinguish them from ot… Mark Iv Industries Inc , Mark IV Industries, Inc.
Public Company
Incorporated :1970 as Mark IV Homes, Inc.
Employees : 16,000
Sales :$1.95 billion (1999)
Stock Exchanges : Ne… Flute Mark , Skip to main content
flute mark Groove Mark , Skip to main content
groove mark
You Might Also Like
NEARBY TERMS
Marks, Simon