Business
The Chief Executive Officer of Marks and Spencer Company, Marc Bolland met the Minister of Finance, Ravi Karunanayake and had discussions.
Minister Karunanayake was in London to attend the Sri Lankan Investor Forum, organized by Colombo Stock Exchange, Sri Lankan Embassy in London and Bloomberg.
During his visit, Minister Karunanayake had talks with Bolland who has said they are looking at a big investment in Sri Lanka.
The British multinational retailer CEO also requested Minister Karunanayake to widen the scope of investment opportunities in Sri Lanka.
The Chief Executive Officer of Marks and Spencer Company, Marc Bolland with Minister of Finance, Ravi Karunanayake
He said Sri Lankan employees in the garment industry had shown exquisite performance and skills when compared to their counterpart in other countries. Bolland added that Marks and Spencer was prepared to give priority to Sri Lanka when investing in the garment industry and several other fields.
Founded in M&S is one of the UK’s leading retailers, with over 1,330 stores worldwide. It markets high quality, great value products to 33 million customers through their 852 UK stores and their e-commerce platform.
It has two divisions: Food which accounts for 57% of our turnover, and General Merchandise, which accounts for the remaining 43%. M&S have market leading positions in Womenswear, Lingerie and Menswear. M&S has 480 wholly-owned, jointly-owned or franchised stores in 59 territories across Europe, Asia and the Middle East.
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